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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar H Block 2nd Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar H Block 2nd 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 H Block 2nd Lane

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Rajarathinam Nagar H Block 2nd Lane guideline value

The current guideline value of Rajarathinam Nagar H Block 2nd Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajarathinam Nagar H Block 2nd Lane has changed

Over the years, the guideline value of Rajarathinam Nagar H Block 2nd Lane has seen several revisions. The earliest available figure is from 2012, which was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. The next revision in 2023 brought the value back up to Rs 1,800 per sq.ft, and the most recent revision in 2024 set it at Rs 1,900 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The change from 2023 to 2024 is an increase of 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, which places the 2024 figure for Rajarathinam Nagar H Block 2nd Lane below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar H Block 2nd Lane

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

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajarathinam Nagar H Block 2nd Lane?

The Rajarathinam Nagar H Block 2nd Lane falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property being transacted. It is essential for buyers and sellers to be aware of these values to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar H Block 2nd Lane?

The current guideline value of Rajarathinam Nagar H Block 2nd 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 seen several changes, from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur with the same guideline value of Rs 1,900 per sq.ft for 2024 include Rajarathinam Nagar H Block 1st Lane, Rajarathinam Nagar H Block 3rd Lane, Rajarathinam Nagar G Block 6th Lane, Rajarathinam Nagar H Block 4th Lane, Rajarathinam Nagar G Block 5th Lane, and Rajarathinam Nagar H Block 5th Lane.

What is the registration fee for property in Rajarathinam Nagar H Block 2nd Lane?

The registration fee for property in Rajarathinam Nagar H Block 2nd Lane is calculated at 2% of the guideline value. For a property valued at Rs 19,00,000, the registration fee would be Rs 38,000.

Where can I find the Sub Registrar Office for Rajarathinam Nagar H Block 2nd Lane?

The Sub Registrar Office covering Rajarathinam Nagar H Block 2nd Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.