Guideline Value for Rajapandian Avenue

Rajapandian Avenue guideline value

The current guideline value of Rajapandian Avenue is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Rajapandian Avenue has changed

The guideline value for Rajapandian Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,005 per sq.ft. Subsequently, the value increased to Rs 1,500 per sq.ft in the 2023 revision, and the most recent 2024 revision has raised it to Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, indicating that Rajapandian Avenue's 2024 figure is below that median.

• Rajapandian Avenue Ext.: 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

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 fees would be Rs 1,44,000. Note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajapandian Avenue?

The Sub Registrar Office that covers Rajapandian Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharatmatha 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 crucial during property transactions in Rajakilpakkam, as it determines the minimum value at which properties can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that all property transactions are conducted transparently and fairly, as the guideline value is regularly updated to reflect current market conditions. Buyers and sellers should always check the latest guideline values before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of Rajapandian Avenue?

The current guideline value of Rajapandian Avenue 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 increased to Rs 1,500 per sq.ft in 2023, and is now Rs 1,600 per sq.ft in 2024.

What is the land classification for Rajapandian Avenue?

Rajapandian Avenue is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Rajapandian Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.