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Guideline Value

Corporate

Guideline Value for Raja Rajeswari Avenue

₹2200/sq.ft.

The guideline value for Raja Rajeswari Avenue in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Raja Rajeswari Avenue

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Raja Rajeswari Avenue guideline value

The current guideline value of Raja Rajeswari Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Raja Rajeswari Avenue has changed

The guideline value for Raja Rajeswari Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. With the latest revision in 2024, the guideline value has increased to Rs 2,200 per sq.ft, marking a substantial rise of 64% from the previous figure.

It's important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions available are from 2017 and 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, indicating that the guideline value for Raja Rajeswari Avenue is below this median.

Stamp duty and registration fee for property in Raja Rajeswari Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It's important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Raja Rajeswari Avenue?

The Sub Registrar Office that covers Raja Rajeswari Avenue is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, the guideline value ensures transparency and consistency in the registration process. It helps both buyers and sellers understand the official valuation of the property, which is essential for legal documentation.

Frequently asked questions

What is the current guideline value of Raja Rajeswari Avenue?

The current guideline value of Raja Rajeswari Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, representing a 64% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft. Raja Rajeswari Avenue's guideline value is below this median.

What are the stamp duty and registration fees for a property in Raja Rajeswari Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Raja Rajeswari Avenue?

The Velacheri Sub Registrar Office handles registrations for Raja Rajeswari Avenue. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.