Guideline Value for M.A.V. Rajapandian Avenue EXt (Rajendran Street)

M.A.V. Rajapandian Avenue EXt (Rajendran Street) guideline value

The current guideline value for M.A.V. Rajapandian Avenue EXt (Rajendran Street) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of M.A.V. Rajapandian Avenue EXt (Rajendran Street) has changed

The guideline value for M.A.V. Rajapandian Avenue EXt (Rajendran Street) has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Thus, the first recorded value was in 2012, and the most recent is from 2024.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, placing M.A.V. Rajapandian Avenue EXt (Rajendran Street) above this median.

• M.A.V. Rajapandiyan Avenue: Rs 2,700 per sq.ft (2024)
• Masoothy Colony Main Road: Rs 2,150 per sq.ft (2024)
• Masoothy Colony Kaveri Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 5th Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 4th Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 3rd Street: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in M.A.V. Rajapandian Avenue EXt (Rajendran Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers M.A.V. Rajapandian Avenue EXt (Rajendran Street)?

The M.A.V. Rajapandian Avenue EXt (Rajendran Street) falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Rajakilpakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value is set by the government and is subject to periodic revisions. It is essential to check the latest guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of M.A.V. Rajapandian Avenue EXt (Rajendran Street)?

The current guideline value of M.A.V. Rajapandian Avenue EXt (Rajendran Street) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, an increase of 8%. It was Rs 1,675 per sq.ft in 2017, showing a significant increase of 49% by 2023.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers M.A.V. Rajapandian Avenue EXt (Rajendran Street). The office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 2,43,000.

What is the land classification of M.A.V. Rajapandian Avenue EXt (Rajendran Street)?

The land classification for M.A.V. Rajapandian Avenue EXt (Rajendran Street) is Residential Special Type - I, indicating its intended use for residential purposes.