Guideline Value for R.B.Avenue 4th Street

R.B.Avenue 4th Street guideline value

The current guideline value of R.B.Avenue 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of R.B.Avenue 4th Street has changed

The guideline value for R.B.Avenue 4th Street has seen several revisions over the years. In 2007, the value was Rs 450 per sq.ft, which rose significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision marked an increase to Rs 2,500 per sq.ft, and the most recent 2024 revision set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 500%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median of Rs 2,200 per sq.ft. R.B.Avenue 4th Street's current value is above this median.

• R.B.Avenue 1st Street: Rs 2,700 per sq.ft (2024)
• R.B.Avenue 2nd Street: Rs 2,700 per sq.ft (2024)
• R.B.Avenue 3rd Street: Rs 2,700 per sq.ft (2024)
• R.B.Avenue 4th Street: Rs 2,700 per sq.ft (2024)
• R.B.Avenue 5th Street: Rs 2,700 per sq.ft (2024)
• R.B.Avenue 6th Street: Rs 2,700 per sq.ft (2024)
• R.B.Avenue 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in R.B.Avenue 4th 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 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers R.B.Avenue 4th Street?

The Sub Registrar Office that covers R.B.Avenue 4th Street is 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 more information.

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

The guideline value is an essential factor in property transactions in Chembakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When buying or selling property, it is crucial to be aware of the guideline value, as it ensures compliance with local regulations and helps in understanding the financial implications of the transaction. Buyers and sellers should always refer to the latest guideline values to ensure accurate calculations.

Frequently asked questions

What is the current guideline value of R.B.Avenue 4th Street?

The current guideline value of R.B.Avenue 4th 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 450 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, with R.B.Avenue 4th Street's value being above this median.

What are the stamp duty and registration fees for properties in R.B.Avenue 4th Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for R.B.Avenue 4th Street located?

The Sub Registrar Office for R.B.Avenue 4th Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.