Guideline Value for RAHUMATH AVENUE

Rahumath Avenue guideline value

The current guideline value of Rahumath Avenue is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Pammathukulam village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Rahumath Avenue has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure decreased to Rs 335 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, representing a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 550 per sq.ft, an increase of 10% from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Pammathukulam

Pammathukulam village has 101 streets under the Redhills SRO, with a 2024 guideline value range from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the 2024 guideline value of Rahumath Avenue.

• Raghavendra Nagar: Rs 550 per sq.ft (2024)
• Punitha Boomi: Rs 550 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 550 per sq.ft (2024)
• Perumal Koil Street: Rs 330 per sq.ft (2024)
• R.G. Nagar: Rs 550 per sq.ft (2024)
• Royal Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Rahumath Avenue

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rahumath Avenue?

The Sub Registrar Office that covers Rahumath Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Pammathukulam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Rahumath Avenue?

The current guideline value of Rahumath Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Rahumath Avenue?

Rahumath Avenue is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where is the Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Rahumath Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at the rate of 7%.