Guideline Value for RAJA AVENUE

Raja Avenue guideline value

The current guideline value of Raja Avenue is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Uthukkadu - A village under the Walajabad SRO, classified as Residential Special Type - II.

How the guideline value of Raja Avenue has changed

The guideline value for Raja Avenue has seen several revisions over the years. In the 2017 revision, the value was set at Rs 268 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still Rs 400 per sq.ft. The 2024 revision also maintains the guideline value at Rs 400 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value for Raja Avenue has increased by 49% as well.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Raja Avenue's 2024 figure of Rs 400 per sq.ft is above this median.

• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Sarveshvaran Nagar: Rs 300 per sq.ft (2024)
• Sri Akshaya Garden: Rs 400 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)
• Sri Hari Nagar: Rs 300 per sq.ft (2024)
• Mithilai Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. 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 Raja Avenue?

Raja Avenue is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor when registering property transactions in Uthukkadu - A. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price as per government regulations.

When buying or selling property, both the buyer and seller must consider the guideline value, as it influences the stamp duty and registration fees that are applicable during the transaction process.

Frequently asked questions

What is the current guideline value of Raja Avenue?

The current guideline value of Raja Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 400 per sq.ft for both the 2023 and 2024 revisions.

What is the classification of land in Raja Avenue?

Raja Avenue is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Raja Avenue?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000 for these fees.

Where can I find the Sub Registrar Office for Raja Avenue?

The Walajabad Sub Registrar Office covers Raja Avenue and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.