Guideline Value for Rajendran Avenue Ext-1

Rajendran Avenue Ext-1 guideline value

The current guideline value of Rajendran Avenue Ext-1 is Rs 2,750 per sq.ft. This property is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and classified as Residential Class I Type - II.

How the guideline value of Rajendran Avenue Ext-1 has changed

The guideline value for Rajendran Avenue Ext-1 has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, reflecting a significant increase of 49% from the previous 2023 figure. The 2012 revision also recorded a value of Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the first recorded value for Rajendran Avenue Ext-1 appears in the 2012 revision.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value range from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Rajendran Avenue Ext-1 above this median.

• Rajendran Avenue: Rs 2,750 per sq.ft (2024)
• Rajendran Road: Rs 1,100 per sq.ft (2024)
• Rajendra Cholan Street: Rs 2,750 per sq.ft (2024)
• Rajeswari Nagar: Rs 1,650 per sq.ft (2024)
• Raja Street: Rs 1,100 per sq.ft (2024)
• RajaRajeswari St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendran Avenue Ext-1

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajendran Avenue Ext-1?

The Rajendran Avenue Ext-1 property falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations associated with the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajendran Avenue Ext-1?

The current guideline value of Rajendran Avenue Ext-1 is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, with several revisions in between. The most recent change saw a 10% increase from the 2023 value of Rs 2,500 per sq.ft.

Where can I find the registration office for Rajendran Avenue Ext-1?

The registration office for Rajendran Avenue Ext-1 is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500.

How is the guideline value determined for properties in Chitlapakkam?

The guideline value for properties in Chitlapakkam is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in the market and property classifications.