Guideline Value for RAJARAM ST

Rajaram St guideline value

The current guideline value of Rajaram St, located in Vilingiyambakkam village under the Avadi SRO, is Rs 935 per sq.ft. This value is effective from the 2024 revision, which took place on 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Rajaram St has changed

The guideline value for Rajaram St has undergone 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 the 2017 revision. In 2023, the value increased to Rs 850 per sq.ft again, and the latest revision in 2024 saw it rise to Rs 935 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, from the 2012 figure to the 2024 figure, there has been a 10% increase, indicating a notable change in the guideline value over the years.

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 for these streets is Rs 935 per sq.ft, which is equal to the current guideline value of Rajaram St.

• Rajan St: Rs 935 per sq.ft (2024)
• Rajamanna 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 Rajaram 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 and the sale price.

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

Which Sub Registrar Office covers Rajaram St?

Rajaram St falls under the jurisdiction of the Avadi Sub Registrar Office. The address for this office is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that both the buyer and seller are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Rajaram St?

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

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 850 per sq.ft to Rs 935 per sq.ft in 2024, with significant fluctuations in between, including a drop to Rs 569 per sq.ft in 2017.

Where can I find the registration office for Rajaram St?

The registration office for Rajaram 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.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150.

What is the land classification for Rajaram St?

The land classification for Rajaram St is Residential Class II Type - II, indicating its designated use for residential purposes.