Guideline Value

Corporate

Guideline Value for Rajaji Avenue

₹3850/sq.ft.

The guideline value for Rajaji Avenue 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 ₹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

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Rajaji Avenue guideline value

The current guideline value of Rajaji Avenue 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 has changed

The guideline value for Rajaji Avenue has seen significant changes over the years. In 2002, the guideline value was Rs 683 per sq.ft, which increased to Rs 743 per sq.ft in 2003, marking a 9% rise. The value then rose slightly to Rs 750 per sq.ft in 2007, a 1% increase. From 2007 to 2012, the value surged to Rs 3,500 per sq.ft, reflecting a substantial 367% increase. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, representing a 10% increase from the 2012 figure.

There are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 464%.

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 guideline value for these streets is Rs 3,850 per sq.ft, which is equal to the 2024 figure for Rajaji Avenue.

Stamp duty and registration fee for property in Rajaji Avenue

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 charges to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Avenue?

The Sub Registrar Office that covers Rajaji Avenue 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 plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers must be aware that the guideline value is a legal benchmark used by the government for property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to understand how this value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Rajaji Avenue?

The current guideline value of Rajaji Avenue 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, marking an overall increase of 464%.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office covers Rajaji Avenue?

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

Are there other streets with the same guideline value in Valasaravakkam?

Yes, several other streets in Valasaravakkam have the same guideline value of Rs 3,850 per sq.ft in 2024, including Rajaji Avenue 1st Cross Stret, Rajaji Avenue 1st Extension, and others.