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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar H Block 3rd Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar H Block 3rd 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 3rd Lane

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Rajarathinam Nagar H Block 3rd Lane guideline value

The current guideline value of Rajarathinam Nagar H Block 3rd 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 falls under Residential Class III Type - I land classification.

How the guideline value of Rajarathinam Nagar H Block 3rd Lane has changed

Over the years, the guideline value of Rajarathinam Nagar H Block 3rd Lane has experienced several revisions. The 2012 revision set the guideline 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 significantly to Rs 1,800 per sq.ft in the 2023 revision, and finally, it reached Rs 1,900 per sq.ft with the 2024 revision, marking a 6% increase from the previous year.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, 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, indicating that Rajarathinam Nagar H Block 3rd Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar H Block 3rd 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, bringing the total to 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 detailed calculations.

Which Sub Registrar Office covers Rajarathinam Nagar H Block 3rd Lane?

The Rajarathinam Nagar H Block 3rd Lane is covered by 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 plays a crucial role during the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar H Block 3rd Lane?

The current guideline value of Rajarathinam Nagar H Block 3rd 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 increased to Rs 1,800 per sq.ft in 2023, and finally reached Rs 1,900 per sq.ft in 2024.

What is the land classification for Rajarathinam Nagar H Block 3rd Lane?

Rajarathinam Nagar H Block 3rd Lane falls under the Residential Class III Type - I land classification.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.