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Guideline Value

Corporate

Guideline Value for Rajaji Avenue Anex

₹3850/sq.ft.

The guideline value for Rajaji Avenue Anex in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹743 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹683 /sq.ft.
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 Anex

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Rajaji Avenue Anex guideline value

The current guideline value of Rajaji Avenue Anex is Rs 3,850 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village, under the Virugambakkam SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Rajaji Avenue Anex has changed

The guideline value for Rajaji Avenue Anex has seen several revisions over the years. Starting from Rs 683 per sq.ft in 2002, it increased to Rs 743 per sq.ft in 2003, marking a 9% rise. The value then saw a minor increase to Rs 750 per sq.ft in 2007, which is a 1% change. A significant jump occurred in 2012, where the value remained at Rs 3,500 per sq.ft, reflecting a 367% increase from the previous revision.

In 2023, the guideline value was again set at Rs 3,500 per sq.ft, showing no change from 2012. However, in the latest revision for 2024, the value increased to Rs 3,850 per sq.ft, representing a 10% rise from the previous year. The overall increase from 2002 to 2024 stands at 464%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for this area is Rs 3,850 per sq.ft, which is equal to the current guideline value of Rajaji Avenue Anex.

Stamp duty and registration fee for property in Rajaji Avenue Anex

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 of duty and fees to Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Avenue Anex?

The Sub Registrar Office that covers Rajaji Avenue Anex 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 crucial factor in property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price.

During the registration process, the buyer must pay the stamp duty and registration fees calculated on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the official value of the property in the area.

Frequently asked questions

What is the current guideline value of Rajaji Avenue Anex?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 683 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 464% over the years.

What is the land classification for Rajaji Avenue Anex?

Rajaji Avenue Anex falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for property in Rajaji Avenue Anex?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 38,50,000, the total fees would amount to Rs 3,46,500.

Which office handles property registrations for Rajaji Avenue Anex?

The Virugambakkam Sub Registrar Office handles property registrations for Rajaji Avenue Anex, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.