Guideline Value for Rajagopal Avenue

Rajagopal Avenue guideline value

The current guideline value of Rajagopal Avenue in Moulivakkam village is Rs 2,450 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Rajagopal Avenue has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure changed to Rs 1,474 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The 2023 revision saw an increase to Rs 2,200 per sq.ft, and the current 2024 revision has further increased this to Rs 2,450 per sq.ft, marking an 11% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft, with the median value being Rs 2,450 per sq.ft. Rajagopal Avenue's 2024 guideline value matches this median.

• Rajagopalapuram Avenue: Rs 2,650 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 2,450 per sq.ft (2024)
• RajaRajan Nagar: Rs 2,450 per sq.ft (2024)
• RajaRajan Nagar Extension: Rs 2,450 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 2,450 per sq.ft (2024)
• Porur - Kundrathur Road: Rs 2,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total cost to Rs 2,20,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajagopal Avenue?

The Sub Registrar Office that covers Rajagopal Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Moulivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Rajagopal Avenue?

The current guideline value of Rajagopal Avenue is Rs 2,450 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 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,450 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Rajagopal Avenue?

For a property valued at Rs 24,50,000, the stamp duty would be Rs 1,71,500 and the registration fee would be Rs 49,000, totaling Rs 2,20,500.

Which Sub Registrar Office covers Moulivakkam?

The Kunrathur Sub Registrar Office covers Moulivakkam, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, influencing the stamp duty and registration fees that must be paid during a transaction.