Guideline Value for RAJAMANNA ST

Rajamanna St guideline value

The current guideline value of Rajamanna St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Rajamanna St has changed

The guideline value for Rajamanna St has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 850 per sq.ft, and the most recent revision in 2024 has set the value at Rs 935 per sq.ft, reflecting a 10% increase from the previous year.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the 2024 figure for Rajamanna St.

• Rajan St: Rs 935 per sq.ft (2024)
• Rajaji St (West): Rs 800 per sq.ft (2024)
• Rajaji Street: Rs 935 per sq.ft (2024)
• Rajaram St: Rs 935 per sq.ft (2024)
• Raja Durai St: Rs 810 per sq.ft (2024)
• Railway Line Street: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Rajamanna St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total cost for these fees to Rs 84,150. 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 Rajamanna St?

The Sub Registrar Office that covers Rajamanna St is 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 Vilingiyambakkam

The guideline value plays a crucial role in the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered during the registration process. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Rajamanna St?

The current guideline value of Rajamanna St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Rajamanna St?

Rajamanna St is classified as Residential Class II Type - II.

Where can I find the registration office for Rajamanna St?

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

How is stamp duty calculated for property in Rajamanna St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450.