Guideline Value for RAJAJI ST (EAST)

Rajaji St (East) guideline value

The current guideline value of Rajaji St (East) in Paruthipattu village is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Rajaji St (East) has changed

The guideline value for Rajaji St (East) has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was a decrease of 33% from the 2017 revision, where the value rose to Rs 603 per sq.ft. The 2023 revision increased the value to Rs 900 per sq.ft, and the most recent 2024 revision has set it at Rs 950 per sq.ft, reflecting a 6% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change has been an increase of 6%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Rajaji St (East) is below this median.

• Rajaji St (East)kamaraj Nagar: Rs 950 per sq.ft (2024)
• Raja Chowdry St, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Rainbow Avenue: Rs 1,375 per sq.ft (2024)
• Railway Parking Road: Rs 950 per sq.ft (2024)
• Rajbai Nagar 1st Cross St: Rs 1,625 per sq.ft (2024)
• Rajbai Nagar 2nd Cross St: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji St (East)

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji St (East)?

The Rajaji St (East) area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Paruthipattu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both the buyer and seller. It is essential to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajaji St (East)?

The current guideline value of Rajaji St (East) is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 900 per sq.ft in 2012 to Rs 950 per sq.ft in 2024, with notable increases and decreases in between.

What is the median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft, with Rajaji St (East) being below this median at Rs 950 per sq.ft.

What are the stamp duty rates for property in Rajaji St (East)?

The stamp duty for property in Rajaji St (East) is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Rajaji St (East)?

The Avadi Sub Registrar Office handles property registrations for Rajaji St (East), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.