Guideline Value for ROJA AVENUE

Roja Avenue guideline value

The current guideline value of Roja Avenue is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Roja Avenue has changed

Over the years, the guideline value for Roja Avenue has seen several revisions. The oldest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This value increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a further increase of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Roja Avenue. Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64% in the guideline value.

Guideline values in Kerugambakkam

Kerugambakkam village has a total of 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Roja Avenue's 2024 figure below this median.

• R.K.Nagar (S.No.595/7a): Rs 2,200 per sq.ft (2024)
• R.K. Nagar: Rs 1,980 per sq.ft (2024)
• R.K.B. Nagar: Rs 1,980 per sq.ft (2024)
• R.K. Arasu Street: Rs 1,980 per sq.ft (2024)
• Royal Vila: Rs 1,980 per sq.ft (2024)
• Sai Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Roja Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost together to Rs 1,78,200. 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 Roja Avenue?

The Roja Avenue falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor when buying or selling property in Kerugambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of property registration.

When a buyer and seller agree on a sale price, the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Roja Avenue?

The current guideline value of Roja Avenue is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Roja Avenue has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Roja Avenue?

Roja Avenue is classified as Residential Class II Type - II, indicating its designated use for residential purposes.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Roja Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.