Guideline Value for Rajarathinam Nagar I Block 4th Lane

Rajarathinam Nagar I Block 4th Lane guideline value

The current guideline value of Rajarathinam Nagar I Block 4th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Rajarathinam Nagar I Block 4th Lane has changed

The guideline value for Rajarathinam Nagar I Block 4th Lane has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,900 per sq.ft, marking a change of +6% from the previous figure.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street. Thus, the only revisions noted are from 2012 and the recent 2024 update.

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, with a median value of Rs 2,700 per sq.ft. The guideline value for Rajarathinam Nagar I Block 4th Lane is below this median.

• Rajarathinam Nagar I Block 3rd Lane: Rs 1,900 per sq.ft (2024)
• Rajarathinam Nagar I Block 5th Lane: Rs 1,900 per sq.ft (2024)
• Rajarathinam Nagar I Block 2nd Lane: Rs 1,900 per sq.ft (2024)
• Rajarathinam Nagar J Block 1st Lane: Rs 1,900 per sq.ft (2024)
• Rajarathinam Nagar I Block 1st Lane: Rs 1,900 per sq.ft (2024)
• Rajarathinam Nagar J Block 2nd Lane: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajarathinam Nagar I Block 4th 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, leading to a total cost of Rs 1,71,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Rajarathinam Nagar I Block 4th Lane?

The Rajarathinam Nagar I Block 4th 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 property transactions in Kodungaiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property sales.

When buying or selling a property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar I Block 4th Lane?

The current guideline value of Rajarathinam Nagar I Block 4th 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 increased from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting a +6% change. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Rajarathinam Nagar I Block 4th Lane?

The land classification for Rajarathinam Nagar I Block 4th Lane is Residential Class III Type - I, indicating its suitability for residential purposes.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 19,00,000 would incur a stamp duty of Rs 1,33,000 at 7%.

Where can I find the Sub Registrar Office for Rajarathinam Nagar I Block 4th Lane?

The Madhavaram Sub Registrar Office covers Rajarathinam Nagar I Block 4th Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.