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Guideline Value

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Guideline Value for Rajarathinam Nagar Tenament A Block 3rd Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar Tenament A 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 Tenament A Block 3rd Lane

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Rajarathinam Nagar Tenament A Block 3rd Lane guideline value

The current guideline value for Rajarathinam Nagar Tenament A Block 3rd Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this street is Residential Class III Type - I.

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

The guideline value for Rajarathinam Nagar Tenament A Block 3rd Lane has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 1,800 per sq.ft. This value saw a significant decrease to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased by 49%, reaching Rs 1,800 per sq.ft again. The most recent revision in 2024 raised the value to Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

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

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with 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, placing Rajarathinam Nagar Tenament A Block 3rd Lane's value below that median.

Stamp duty and registration fee for property in Rajarathinam Nagar Tenament A 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 fees to Rs 1,71,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Rajarathinam Nagar Tenament A Block 3rd Lane falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration 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 property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is crucial for both the buyer and seller. It is important to be aware of the current guideline value to accurately calculate the necessary fees involved in the transaction.

Frequently asked questions

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

The current guideline value of Rajarathinam Nagar Tenament A 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 back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Rajarathinam Nagar Tenament A Block 3rd Lane is Residential Class III Type - I.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Rajarathinam Nagar Tenament A Block 3rd Lane, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the 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, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 19,00,000, leading to a stamp duty of Rs 1,33,000.