Guideline Value for R.B.Avenue Main Road
₹2700/sq.ft.
The guideline value for R.b.avenue Main Road in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Chembakkam
Village
Selaiyur
SRO
Residential Class I Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2700 /sq.ft. |
| From 1-4-2023 | ₹2500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1675 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹250 /sq.ft. |
| 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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on R.b.avenue Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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R.B.Avenue Main Road guideline value
The current guideline value of R.B.Avenue Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village under the Selaiyur SRO, classified as Residential Class I Type - III.
How the guideline value of R.B.Avenue Main Road has changed
The guideline value for R.B.Avenue Main Road has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 900%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, followed by a further rise to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.
There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 980%, demonstrating a significant change over the years.
Guideline values in Chembakkam
In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing R.B.Avenue Main Road's 2024 figure above this median.
- R.B.Avenue 7th Street: Rs 2,700 per sq.ft (2024)
- R.B.Avenue 6th Street: Rs 2,700 per sq.ft (2024)
- R.B.Avenue 5th Street: Rs 2,700 per sq.ft (2024)
- R.B.Avenue 4th Street: Rs 2,700 per sq.ft (2024)
- R.B.Avenue 3rd Street: Rs 2,700 per sq.ft (2024)
- R.B.Avenue 2nd Street: Rs 2,700 per sq.ft (2024)
Stamp duty and registration fee for property in R.B.Avenue Main Road
For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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 or the sale price.
You can use the stamp duty and registration fee calculator for more precise calculations.
Which Sub Registrar Office covers R.B.Avenue Main Road?
The Sub Registrar Office that covers R.B.Avenue Main Road 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 details.
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. Buyers and sellers must consider this value to ensure compliance with registration laws and to calculate the applicable stamp duty and registration fees.
When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is transparent and aligns with the official valuations set by the Registration Department.
Frequently asked questions
What is the current guideline value of R.B.Avenue Main Road?
The current guideline value of R.B.Avenue Main Road 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 significantly, from Rs 250 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 980%.
What are the stamp duty and registration fees for a property on R.B.Avenue Main Road?
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.
Which Sub Registrar Office covers this area?
The Selaiyur Sub Registrar Office covers R.B.Avenue Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.
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 Main Road's value being above this median.
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