Guideline Value for RAJA AVENUE

Raja Avenue guideline value

The current guideline value of Raja Avenue is Rs 300 per sq.ft, effective from the 2024 revision. This street is located in Anupampattu village, under the Ponneri SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Raja Avenue has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained the same in the following revisions until the 2017 revision, where it decreased to Rs 201 per sq.ft. The guideline value then increased significantly by 49% to Rs 300 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 300 per sq.ft, showing no percentage change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Raja Avenue. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Raja Avenue.

• Rail Nagar: Rs 300 per sq.ft (2024)
• Prime Woods Nagar: Rs 300 per sq.ft (2024)
• Ramakrishna Nagar: Rs 300 per sq.ft (2024)
• R.M.P Nagar: Rs 300 per sq.ft (2024)
• Sai Nagar: Rs 300 per sq.ft (2024)
• Selliamman Nagar: Rs 300 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Raja Avenue?

The Sub Registrar Office that covers Raja Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Anupampattu. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Raja Avenue?

The current guideline value of Raja Avenue is Rs 300 per sq.ft, as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Anupampattu?

The median guideline value for streets in Anupampattu is Rs 300 per sq.ft, which is the same as the guideline value for Raja Avenue.

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

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Raja Avenue located?

The Sub Registrar Office for Raja Avenue is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.