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Guideline Value

Corporate

Guideline Value for Rajaji Avenue 1st Cross Stret

₹3850/sq.ft.

The guideline value for Rajaji Avenue 1st Cross Stret in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 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

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Rajaji Avenue 1st Cross Stret

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Rajaji Avenue 1st Cross Stret guideline value

The current guideline value of Rajaji Avenue 1st Cross Stret is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam Sub Registrar Office. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajaji Avenue 1st Cross Stret has changed

Looking at the revisions, the guideline value for Rajaji Avenue 1st Cross Stret was Rs 3,500 per sq.ft in the 2012 revision. This represents a 10% increase to the current value of Rs 3,850 per sq.ft as per the 2024 revision. Notably, the register has no figures for this street for the years 2023, 2017, 2007, 2003, and 2002.

From 2012 to 2024, the guideline value increased from Rs 3,500 to Rs 3,850 per sq.ft. The revisions prior to 2012 do not have any figures available for this street, indicating that the 2012 revision marked a significant point in its valuation history.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that have a guideline value for 2024, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, which is the same as the guideline value for Rajaji Avenue 1st Cross Stret.

Stamp duty and registration fee for property in Rajaji Avenue 1st Cross Stret

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for a more tailored estimate.

Which Sub Registrar Office covers Rajaji Avenue 1st Cross Stret?

The Rajaji Avenue 1st Cross Stret falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a critical factor when it comes to the registration of property transactions in Valasaravakkam. It helps determine the stamp duty and registration fees that buyers and sellers must pay, ensuring that these costs are based on an official valuation of the property.

When a property is sold, the guideline value is used as a benchmark to assess the transaction's legitimacy and to calculate the associated fees. This process helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Rajaji Avenue 1st Cross Stret?

The current guideline value of Rajaji Avenue 1st Cross Stret is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Rajaji Avenue 1st Cross Stret?

The land classification for Rajaji Avenue 1st Cross Stret is Residential Class II Type - I. This classification indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Rajaji Avenue 1st Cross Stret is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.