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Guideline Value

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Guideline Value for Radeshyam Avenue

₹2400/sq.ft.

The guideline value for Radeshyam Avenue in Rajakilpakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Rajakilpakkam

Village

Selaiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Radeshyam Avenue

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Radeshyam Avenue guideline value

The current guideline value of Radeshyam Avenue is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Radeshyam Avenue has changed

The guideline value for Radeshyam Avenue has undergone several revisions over the years. The earliest available figure is from 2012, which was set at Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. In 2023, the guideline value increased to Rs 2,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 2,400 per sq.ft.

Between these revisions, the changes were notable. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The transition from 2023 to 2024 saw a rise of 9%. Overall, from 2012 to 2024, the guideline value increased by 9%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in the village is Rs 2,150 per sq.ft, placing Radeshyam Avenue's 2024 value above this median.

Stamp duty and registration fee for property in Radeshyam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000. Together, these fees amount to Rs 2,16,000. It is important to note that 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 information.

Which Sub Registrar Office covers Radeshyam Avenue?

The Sub Registrar Office that covers Radeshyam Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps in establishing a fair price for the transaction, which must be adhered to during the registration process. Buyers should be aware of the guideline value to ensure they are paying a price that reflects the official valuation.

Frequently asked questions

What is the current guideline value of Radeshyam Avenue?

The current guideline value of Radeshyam Avenue is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012, decreased to Rs 1,474 per sq.ft in 2017, increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Radeshyam Avenue?

Radeshyam Avenue is classified as Residential Special Type - II.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Radeshyam 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 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.