Guideline Value for R.T.R.AVENUE

R.T.R.Avenue guideline value

The current guideline value of R.T.R.Avenue, located in Kobarasanallur village, falls under the Kunrathur SRO and is classified as Residential Special Type - III. As of the 2024 revision effective from 1 July 2024, the guideline value is Rs 3,285 per sq.ft.

How the guideline value of R.T.R.Avenue has changed

The guideline value for R.T.R.Avenue has seen significant changes over the years. In 2017, the guideline value was Rs 2,000 per sq.ft. This increased to Rs 2,986 per sq.ft in the 2023 revision, marking a rise of 49%. The latest revision in 2024 saw a further increase to Rs 3,285 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kobarasanallur

Kobarasanallur village has 28 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, indicating that R.T.R.Avenue's 2024 figure is above this median.

• Royal Garden & Annexe: Rs 1,980 per sq.ft (2024)
• Royal Castle: Rs 1,980 per sq.ft (2024)
• Poonamallee High Road: Rs 4,180 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,980 per sq.ft (2024)
• Sree Hari Nagar: Rs 2,750 per sq.ft (2024)
• Sri Devi Nagar: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,285 per sq.ft, the total guideline value would be Rs 32,85,000. The stamp duty at 7% would amount to Rs 2,29,950, and the registration fee at 2% would be Rs 65,700. Together, the total cost for stamp duty and registration would be Rs 2,95,650. It is important to note that the 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.T.R.Avenue?

The R.T.R.Avenue falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kobarasanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of R.T.R.Avenue is Rs 3,285 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, changing from Rs 2,000 per sq.ft in 2017 to Rs 3,285 per sq.ft in 2024.

What is the land classification of R.T.R.Avenue?

R.T.R.Avenue is classified as Residential Special Type - III under the land classification guidelines.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in R.T.R.Avenue?

The stamp duty for property in R.T.R.Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 32,85,000, the stamp duty would be Rs 2,29,950.