Guideline Value for R.R AVENUE

R.R Avenue guideline value

The current guideline value of R.R Avenue in Kayirambedu village is Rs 1,500 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of R.R Avenue has changed

The guideline value for R.R Avenue has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. Following this, the value increased significantly by 49% to Rs 1,500 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figures for R.R Avenue in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,500 per sq.ft.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making the guideline value of R.R Avenue above that median.

• Rishi Gardan: Rs 801 per sq.ft (2024)
• Ravindranath Tagore Nagar: Rs 700 per sq.ft (2024)
• Sakthi Avenue: Rs 1,500 per sq.ft (2024)
• Ram Nagar: Rs 700 per sq.ft (2024)
• Sanjay Nagar: Rs 700 per sq.ft (2024)
• Santhi Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in R.R Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers R.R Avenue?

The Sub Registrar Office covering R.R Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more assistance.

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

The guideline value is a crucial factor when registering property in Kayirambedu. It determines the amount of stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price as per the local regulations. This value is used to calculate the necessary fees and taxes, ensuring compliance with the legal requirements of property transactions.

Frequently asked questions

What is the current guideline value of R.R Avenue?

The current guideline value of R.R Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased back to Rs 1,500 per sq.ft in 2023, remaining the same in 2024.

What is the land classification for R.R Avenue?

R.R Avenue is classified as Mixed Type - I land under the Chengleput Joint II SRO.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles the registration for R.R Avenue?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, handles the registration for R.R Avenue.