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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar G Block 6th Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar G Block 6th Lane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajarathinam Nagar G Block 6th Lane

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Rajarathinam Nagar G Block 6th Lane guideline value

The current guideline value of Rajarathinam Nagar G Block 6th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Rajarathinam Nagar G Block 6th Lane has changed

Over the years, the guideline value for Rajarathinam Nagar G Block 6th Lane has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in 2017. Following this, the value increased to Rs 1,800 per sq.ft in 2023, and the most recent 2024 revision has brought it to Rs 1,900 per sq.ft.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a growth of 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Rajarathinam Nagar G Block 6th Lane is below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar G Block 6th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajarathinam Nagar G Block 6th Lane?

The Rajarathinam Nagar G Block 6th Lane falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For further information, you can find your SRO.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value is a critical factor when registering property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating taxes. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that all transactions adhere to legal standards.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar G Block 6th Lane?

The current guideline value of Rajarathinam Nagar G Block 6th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Rajarathinam Nagar G Block 6th Lane?

The land classification for Rajarathinam Nagar G Block 6th Lane is Residential Class III Type - I.

What is the stamp duty for property in Rajarathinam Nagar G Block 6th Lane?

The stamp duty for property in Rajarathinam Nagar G Block 6th Lane is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Rajarathinam Nagar G Block 6th Lane?

The Madhavaram Sub Registrar Office handles registrations for Rajarathinam Nagar G Block 6th Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.