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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar K Block 3rd Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar K Block 3rd Lane 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 ₹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 K Block 3rd Lane

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Rajarathinam Nagar K Block 3rd Lane guideline value

The current guideline value for Rajarathinam Nagar K 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, classified as Residential Class III Type - I.

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

The guideline value for Rajarathinam Nagar K Block 3rd Lane has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded to Rs 1,900 per sq.ft in the 2024 revision, representing a significant increase of 58% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Rajarathinam Nagar K Block 3rd Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar K 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 duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Rajarathinam Nagar K Block 3rd Lane is 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 stamp duty and registration fees that must be paid, ensuring that these charges are calculated based on a standardized value recognized by the Registration Department.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall transaction costs. Buyers should consider this value alongside the sale price to ensure compliance with registration regulations.

Frequently asked questions

What is the current guideline value for Rajarathinam Nagar K Block 3rd Lane?

The current guideline value for Rajarathinam Nagar K 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, and then increased to Rs 1,900 per sq.ft in 2024. This represents a decline of 33% from 2012 to 2017, followed by an increase of 58% from 2017 to 2024.

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

Rajarathinam Nagar K Block 3rd Lane is classified as Residential Class III Type - I under the Madhavaram SRO.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,71,000 in fees based on the current guideline value.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Rajarathinam Nagar K Block 3rd Lane and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.