Guideline Value

Corporate

Guideline Value for RAJALAKSHMI ENCLAVE PHASE - II

₹550/sq.ft.

The guideline value for Rajalakshmi Enclave Phase - Ii in Nemam_b village (Avadi SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nemam_b

Village

Avadi

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajalakshmi Enclave Phase - Ii

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Rajalakshmi Enclave Phase - II guideline value

The current guideline value of Rajalakshmi Enclave Phase - II is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Nemam_B village and falls under the Avadi SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Rajalakshmi Enclave Phase - II has changed

The guideline value for Rajalakshmi Enclave Phase - II has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023. The most recent revision in 2024 has raised the value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The significant changes between the revisions include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

Guideline values in Nemam_B

In the village of Nemam_B, there are 24 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 3,500 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Rajalakshmi Enclave Phase - II is below this median.

Stamp duty and registration fee for property in Rajalakshmi Enclave Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Rajalakshmi Enclave Phase - II?

The Rajalakshmi Enclave Phase - II falls under 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 Nemam_B

The guideline value plays a crucial role in the registration process when buying or selling property in Nemam_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Rajalakshmi Enclave Phase - II?

The current guideline value of Rajalakshmi Enclave Phase - II is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Nemam_B with their guideline values?

Other streets in Nemam_B include Rajalakshmi Enclave Phase I at Rs 550 per sq.ft, Rajalakshmi Nagar at Rs 440 per sq.ft, Radha Nagar at Rs 710 per sq.ft, Royal Crown at Rs 1,100 per sq.ft, Royal Crown Phase - II at Rs 1,100 per sq.ft, and New Metro City Annex - S.No.755/2 at Rs 440 per sq.ft.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Rajalakshmi Enclave Phase - II?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000, resulting in a stamp duty of Rs 38,500.