Guideline Value for RAJAGOPAL AVENUE

Rajagopal Avenue guideline value

The current guideline value of Rajagopal Avenue is Rs 1,640 per sq.ft, effective from 1 July 2024. This street is located in Erandankattalai village and falls under the Pammal SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Rajagopal Avenue has changed

In the 2017 revision, the guideline value was set at Rs 1,493 per sq.ft. From 2017 to 2024, there has been an increase of 10%, resulting in the current guideline value of Rs 1,640 per sq.ft. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

The increase from the 2017 revision to the 2024 revision reflects the changes in the guideline value over the years. The current value is significantly higher than the previous figure, indicating a notable adjustment in the pricing for this street.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Rajagopal Avenue above this median value.

• Puthavedu Reddiar Street: Rs 1,100 per sq.ft (2024)
• Reddy Street: Rs 1,100 per sq.ft (2024)
• Pesil Greens: Rs 1,100 per sq.ft (2024)
• Royal Enclave: Rs 2,465 per sq.ft (2024)
• Perumal Koil Street: Rs 1,100 per sq.ft (2024)
• Sadhanandhapuram: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,640 per sq.ft, the total guideline value amounts to Rs 16,40,000. The stamp duty at 7% would be Rs 1,14,800, while the registration fee at 2% would be Rs 32,800, bringing the total to Rs 1,47,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajagopal Avenue?

The Sub Registrar Office that covers Rajagopal Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Erandankattalai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajagopal Avenue?

The current guideline value of Rajagopal Avenue is Rs 1,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,493 per sq.ft in 2017 to Rs 1,640 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Erandankattalai?

The median guideline value for the streets in Erandankattalai is Rs 1,100 per sq.ft. Rajagopal Avenue's guideline value is above this median.

What are the stamp duty and registration fees for properties in Rajagopal Avenue?

For a property valued at Rs 16,40,000, the stamp duty would be Rs 1,14,800 and the registration fee would be Rs 32,800, totaling Rs 1,47,600. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Rajagopal Avenue located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. This office handles the registration of properties in Rajagopal Avenue.