Guideline Value for R S Avenue

R S Avenue guideline value

The current guideline value of R S Avenue in Thirukalukundrem A village is Rs 1,005 per sq.ft, effective from 1 July 2024. This street falls under the Thirukazhukundram SRO and is classified as Mixed Type - II land.

How the guideline value of R S Avenue has changed

Over the years, the guideline value for R S Avenue has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, which was an increase from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 1,005 per sq.ft, marking a 1% increase from the 2023 figure.

In summary, the guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,005 per sq.ft in 2024. This increase reflects the adjustments made in the guideline value register by the authorities.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, positioning R S Avenue's 2024 figure above this median.

• Ruthirankoil East Street: Rs 600 per sq.ft (2024)
• Ruthirankoil North Street: Rs 600 per sq.ft (2024)
• Ruthirankoil Sadras salai: Rs 805 per sq.ft (2024)
• Ruthirankoil Sannathi Street: Rs 700 per sq.ft (2024)
• Ruthirankoil West Street: Rs 600 per sq.ft (2024)
• Road Street Kanakoilpettai: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in R S Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty, charged at 7%, would amount to Rs 70,350, while the registration fee at 2% would be Rs 20,100. Together, the total cost for stamp duty and registration fee would be Rs 90,450. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers R S Avenue?

The Sub Registrar Office that covers R S Avenue is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value that reflects the official rates set by the authorities. This process aids in maintaining transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of R S Avenue?

The current guideline value of R S Avenue is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for R S Avenue has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,005 per sq.ft in 2024, marking a 1% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft. R S Avenue's guideline value of Rs 1,005 per sq.ft is above this median.

What are the stamp duty and registration fees for a property in R S Avenue?

For a property valued at Rs 10,05,000, the stamp duty would be Rs 70,350 and the registration fee would be Rs 20,100, totaling Rs 90,450. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for R S Avenue?

The Thirukazhukundram Sub Registrar Office handles registrations for R S Avenue, located at Thiruchengode - 637 211, Chengalpattu registration zone.