Guideline Value for Rajaji Street

Rajaji Street guideline value

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

How the guideline value of Rajaji Street has changed

In the 2012 revision, the guideline value for Rajaji Street was Rs 3,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,850 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

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 for the area is Rs 3,850 per sq.ft, which is equal to the current figure for Rajaji Street.

• Rajaji Avenue Main Road: Rs 3,850 per sq.ft (2024)
• Rajaji Avenue Anex: Rs 3,850 per sq.ft (2024)
• Rajaji Avenue 2nd Extension: Rs 3,850 per sq.ft (2024)
• Rajaji Avenue 2nd Cross Stret: Rs 3,850 per sq.ft (2024)
• Rajaji Avenue 1st Extension: Rs 3,850 per sq.ft (2024)
• Rajaji Avenue 1st Cross Stret: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Street

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, totaling 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaji Street?

The Sub Registrar Office that covers Rajaji Street 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 details.

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

When buying or selling property in Valasaravakkam, the guideline value is a crucial factor that determines the applicable stamp duty and registration fees. It serves as a benchmark for the minimum value at which properties can be registered.

During the registration process, buyers and sellers must consider the guideline value, as the stamp duty is charged based on this value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Rajaji Street?

The current guideline value of Rajaji Street 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, reflecting a 10% rise. There were no changes recorded in the 2023 revision.

What is the land classification of Rajaji Street?

Rajaji Street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is 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.

Where is the Sub Registrar Office for Rajaji Street located?

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