Guideline Value for ROJA ST

Roja St guideline value

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

How the guideline value of Roja St has changed

Over the years, the guideline value of Roja St has seen several revisions. The 2012 revision set the value at Rs 850 per sq.ft, which was then reduced to Rs 569 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 850 per sq.ft, and the most recent 2024 revision has raised it to Rs 935 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the change from the 2012 revision to the 2017 revision was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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

• R.R. Nagar: Rs 1,470 per sq.ft (2024)
• Reddy Street: Rs 810 per sq.ft (2024)
• Reddyar Garden: Rs 935 per sq.ft (2024)
• Sadiq Basha Street: Rs 935 per sq.ft (2024)
• Ramn St: Rs 810 per sq.ft (2024)
• Sambangi St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Roja 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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Roja St?

The Sub Registrar Office that covers Roja 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

When buying or selling property in Vilingiyambakkam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the transaction is officially recorded and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transfer.

Frequently asked questions

What is the current guideline value of Roja St?

The current guideline value of Roja 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 back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What are the other streets in Vilingiyambakkam?

Other streets in Vilingiyambakkam include R.R. Nagar, Reddy Street, Reddyar Garden, Sadiq Basha Street, Ramn St, and Sambangi St, with varying guideline values.

What is the stamp duty rate for properties in Roja St?

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

Where is the Sub Registrar Office located?

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