Guideline Value for RAJA RAJESHWARI AVENUE

Raja Rajeshwari Avenue guideline value

The current guideline value of Raja Rajeshwari Avenue is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Avoor village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Raja Rajeshwari Avenue has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision also maintains the guideline value at Rs 100 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The current value reflects the same rate as the previous year, indicating stability in the guideline value for Raja Rajeshwari Avenue.

Guideline values in Avoor

Avoor village has 10 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Raja Rajeshwari Avenue's 2024 figure aligns with this median.

• Smart Land Nagar: Rs 100 per sq.ft (2024)
• Sri Parasakthi Nagar: Rs 100 per sq.ft (2024)
• Thiru Arul Nagar: Rs 100 per sq.ft (2024)
• Jesus Avenue: Rs 100 per sq.ft (2024)
• Immanuvel Garden: Rs 100 per sq.ft (2024)
• Icipl Estates: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Rajeshwari Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total costs to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Rajeshwari Avenue?

The Sub Registrar Office that covers Raja Rajeshwari 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 Avoor

The guideline value is essential in the registration process when buying or selling property in Avoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the established rates rather than the negotiated sale price.

When a property is registered, the guideline value is used to determine the applicable taxes and fees, which must be paid to complete the transaction. This ensures transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Raja Rajeshwari Avenue?

The current guideline value of Raja Rajeshwari Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, remaining at Rs 100 per sq.ft in 2024. Overall, there has been a 49% increase in the guideline value from 2017 to 2024.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 100 per sq.ft, the total costs would be Rs 9,000.

Which office handles registrations for Raja Rajeshwari Avenue?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that these fees are based on a standard rate, providing transparency in the registration process.