Guideline Value for Rajapandian Avenue Ext.

Rajapandian Avenue Ext. guideline value

The current guideline value of Rajapandian Avenue Ext. is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Rajapandian Avenue Ext. has changed

The guideline value for Rajapandian Avenue Ext. has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase to Rs 1,500 per sq.ft, and in the latest 2024 revision, it rose again to Rs 1,600 per sq.ft.

Overall, the guideline value has increased by 7% from 2012 to 2024. The most notable change was from 2017 to 2023, where the value increased by 49%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam village, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value of Rajapandian Avenue Ext. is below this median.

• Rajapandian Avenue: Rs 1,600 per sq.ft (2024)
• RajaRajeswari Nagar First Main Road: Rs 3,200 per sq.ft (2024)
• Rajendran Street: Rs 1,300 per sq.ft (2024)
• Rajakipakam & Seliyur Ganesh Nagar Main Road: Rs 1,900 per sq.ft (2024)
• Rajakilpakkam Main Road: Rs 850 per sq.ft (2024)
• Rajakilpakkam 3rd Cross Street: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Rajapandian Avenue Ext.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000. Together, the total cost for these fees would be Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajapandian Avenue Ext.?

The Sub Registrar Office that covers Rajapandian Avenue Ext. is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajapandian Avenue Ext.?

The current guideline value of Rajapandian Avenue Ext. is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Rajapandian Avenue Ext.?

The land classification for Rajapandian Avenue Ext. is Residential Class II Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Rajakilpakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000, leading to a stamp duty of Rs 1,12,000.