Guideline Value for RAJESWARI GARDEN

Rajeswari Garden guideline value

The current guideline value for Rajeswari Garden is Rs 420 per sq.ft, effective from 1 July 2024. This property is located in Alathur village under the Avadi SRO and is classified as Residential Class I Type - V.

How the guideline value of Rajeswari Garden has changed

The guideline value for Rajeswari Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 420 per sq.ft, which is an increase of 5% from the previous year's figure of Rs 400 per sq.ft established in the 2023 revision. Prior to that, the register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 400 per sq.ft in 2023 to Rs 420 per sq.ft in 2024. The historical revisions have not provided any figures for Rajeswari Garden, indicating a lack of data for those years.

Guideline values in Alathur

In Alathur, there are 7 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 420 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Rajeswari Garden's 2024 figure above that median.

• Pakkam City Phase I: Rs 330 per sq.ft (2024)
• Pakkam City: Rs 330 per sq.ft (2024)
• Main City: Rs 330 per sq.ft (2024)
• Chaithanya Avenue Phase II: Rs 330 per sq.ft (2024)
• Chaithanya Avenue Phase I: Rs 330 per sq.ft (2024)
• Chaithanya Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value amounts to Rs 4,20,000. The stamp duty at 7% would be Rs 29,400, and the registration fee at 2% would be Rs 8,400, bringing the total cost for these fees to Rs 37,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeswari Garden?

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

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Alathur. It determines the minimum price at which a property can be registered, ensuring that transactions are conducted at a fair value.

When registering a property, buyers and sellers must consider the guideline value to calculate applicable fees, such as stamp duty and registration charges. This ensures compliance with local regulations and helps avoid potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Rajeswari Garden?

The current guideline value of Rajeswari Garden is Rs 420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 400 per sq.ft in 2023 to Rs 420 per sq.ft in 2024, marking a 5% increase.

What is the land classification of Rajeswari Garden?

Rajeswari Garden is classified as Residential Class I Type - V.

Where can I find the Sub Registrar Office for Rajeswari Garden?

The Sub Registrar Office for Rajeswari Garden 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 the guideline value used in property transactions?

The guideline value is used to determine the minimum price for registering a property and is essential for calculating stamp duty and registration fees. It ensures that property transactions are conducted at an appropriate value in compliance with local regulations.