Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar I Block 5thLane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar I Block 5thlane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 I Block 5thlane

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Rajarathinam Nagar I Block 5thLane guideline value

The current guideline value of Rajarathinam Nagar I Block 5thLane 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 I Block 5thLane has changed

The guideline value for Rajarathinam Nagar I Block 5thLane has undergone several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street for the years 2003, 2007, and 2017. In 2012, the guideline value was set at Rs 1,800 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,900 per sq.ft, reflecting a change of +6% from the 2012 figure.

As mentioned, there are no figures available for the years 2023 and 2017 for this street. The current guideline value of Rs 1,900 per sq.ft is the result of the 2024 revision, which is the latest update available.

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 5thLane is below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar I Block 5thLane

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 duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Rajarathinam Nagar I Block 5thLane?

The Rajarathinam Nagar I Block 5thLane is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more 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 of property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers must consider the guideline value as it influences the total cost of the transaction. The higher of the guideline value and the sale price is used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar I Block 5thLane?

The current guideline value of Rajarathinam Nagar I Block 5thLane 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 change of +6%. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the classification of Rajarathinam Nagar I Block 5thLane?

Rajarathinam Nagar I Block 5thLane is classified as Residential Class III Type - I, indicating its designation for residential use.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Rajarathinam Nagar I Block 5thLane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,900 per sq.ft results in a total guideline value of Rs 19,00,000, which is used to calculate the stamp duty and registration fees.