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Guideline Value

Corporate

Guideline Value for Rajaji Avenue 2nd Cross Stret

₹3850/sq.ft.

The guideline value for Rajaji Avenue 2nd 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 2nd Cross Stret

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Rajaji Avenue 2nd Cross Stret guideline value

The current guideline value of Rajaji Avenue 2nd Cross Stret is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. It is classified as Residential Class II Type - I.

How the guideline value of Rajaji Avenue 2nd Cross Stret has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. The most recent 2024 revision increased this figure to Rs 3,850 per sq.ft, marking a change of +10% from the previous value. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

Overall, the guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, reflecting the only recorded change for this street in the provided revisions.

Guideline values in Valasaravakkam

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

Stamp duty and registration fee for property in Rajaji Avenue 2nd 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 would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Avenue 2nd Cross Stret?

The Sub Registrar Office covering Rajaji Avenue 2nd Cross Stret 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 an essential factor during property registration in Valasaravakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Rajaji Avenue 2nd Cross Stret?

The current guideline value of Rajaji Avenue 2nd 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, representing a +10% change. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Rajaji Avenue 2nd Cross Stret?

Rajaji Avenue 2nd Cross Stret is classified as Residential Class II Type - I. This classification indicates the type of development allowed in this area.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in this area is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Rajaji Avenue 2nd Cross Stret is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. This office handles all property registrations in the area.