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Guideline Value

Corporate

Guideline Value for Rajaji Avenue 1st Extension

₹3850/sq.ft.

The guideline value for Rajaji Avenue 1st Extension 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 Extension

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Rajaji Avenue 1st Extension guideline value

The current guideline value of Rajaji Avenue 1st Extension is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Rajaji Avenue 1st Extension has changed

The guideline value for Rajaji Avenue 1st Extension has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the guideline value at Rs 3,500 per sq.ft. This was followed by the most recent revision in 2024, which increased the guideline value to Rs 3,850 per sq.ft, reflecting a change of +10% from the 2012 figure.

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

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the current value of Rajaji Avenue 1st Extension.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the 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 to Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Avenue 1st Extension?

The Sub Registrar Office that covers Rajaji Avenue 1st Extension is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any potential legal issues.

When registering a property, the guideline value is used to determine the applicable stamp duty and registration fees. The charges are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Rajaji Avenue 1st Extension 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 change of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Rajaji Avenue 1st Extension?

Rajaji Avenue 1st Extension is classified as Residential Class II Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,46,500.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Rajaji Avenue 1st Extension, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.