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Guideline Value

Corporate

Guideline Value for Rajiv Gandhi Nagar 5th Cross Street

₹2200/sq.ft.

The guideline value for Rajiv Gandhi Nagar 5th Cross Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /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 ₹2000 /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 Rajiv Gandhi Nagar 5th Cross Street

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Rajiv Gandhi Nagar 5th Cross Street guideline value

The current guideline value of Rajiv Gandhi Nagar 5th Cross Street is Rs 2,200 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 II Type - I.

How the guideline value of Rajiv Gandhi Nagar 5th Cross Street has changed

The guideline value for Rajiv Gandhi Nagar 5th Cross Street has seen revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,000 per sq.ft. In the 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a 10% increase from the previous figure.

There are no recorded guideline values for the years 2002, 2003, 2007, 2017, and 2023 for this street. Thus, the only figures available are from 2012 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are a total of 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 for these streets is Rs 2,700 per sq.ft, placing Rajiv Gandhi Nagar 5th Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Rajiv Gandhi Nagar 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajiv Gandhi Nagar 5th Cross Street?

The Sub Registrar Office that covers Rajiv Gandhi Nagar 5th Cross Street 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 plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is assessed to ensure that the taxes are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Rajiv Gandhi Nagar 5th Cross Street?

The current guideline value of Rajiv Gandhi Nagar 5th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Kodungaiyur?

The median guideline value for streets in Kodungaiyur is Rs 2,700 per sq.ft. Rajiv Gandhi Nagar 5th Cross Street's 2024 figure is below this median.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Rajiv Gandhi Nagar 5th Cross Street?

The Madhavaram Sub Registrar Office covers Rajiv Gandhi Nagar 5th Cross Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.