Guideline Value for RAKESH AVENUE

Rakesh Avenue guideline value

The current guideline value of Rakesh Avenue is Rs 1,000 per sq.ft. It is located in Rathinamangalam village under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Rakesh Avenue has changed

The guideline value for Rakesh Avenue has undergone several revisions over the years. The oldest available revision is from 2017, which set the guideline value at Rs 670 per sq.ft. The most recent revision in 2023 increased this value to Rs 1,000 per sq.ft, marking a change of +49% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. This means that the guideline value has only been officially recorded in 2017 and 2023.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Rakesh Avenue is the only street mentioned with a guideline value in the available records.

Stamp duty and registration fee for property in Rakesh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rakesh Avenue?

The Sub Registrar Office that covers Rakesh Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's worth as per the guidelines.

Frequently asked questions

What is the current guideline value of Rakesh Avenue?

The current guideline value of Rakesh Avenue is Rs 1,000 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,000 per sq.ft, reflecting a change of +49%.

Are there any guideline values for Rakesh Avenue from years other than 2017 and 2023?

No, the guideline value register has no figures for Rakesh Avenue for the years 2002, 2003, 2007, 2012, and 2024.

What is the stamp duty rate for properties in Rakesh Avenue?

The stamp duty rate for properties in Rakesh Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.