Guideline Value for RAJAN ST

Rajan St guideline value

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

How the guideline value of Rajan St has changed

The guideline value for Rajan St has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 850 per sq.ft. This figure decreased to Rs 569 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the following revisions, rising to Rs 850 per sq.ft in 2023, and then to Rs 935 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2017 revision to 2023 saw a notable increase of 49%, highlighting the fluctuations in the valuation over the years.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current value of Rajan St.

• Rajamanna St: Rs 935 per sq.ft (2024)
• Rajaram St: Rs 935 per sq.ft (2024)
• Rajaji St (West): Rs 800 per sq.ft (2024)
• Rajaji Street: 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 Rajan St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajan St?

The Sub Registrar Office that covers Rajan 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 is a crucial factor in the registration process of property transactions in Vilingiyambakkam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When buying or selling property, both parties must consider the guideline value as it affects the overall costs involved in the transaction. It is essential to refer to the latest guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Rajan St?

The current guideline value of Rajan 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 increased to Rs 850 in 2023, and finally to Rs 935 in 2024.

What is the land classification for Rajan St?

Rajan St is classified under Residential Class II Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for a property in Rajan St?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 9,35,000, the total fees would amount to Rs 84,150.

Which office handles registrations for Rajan St?

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