Guideline Value for Rajendran Avenue

Rajendran Avenue guideline value

The current guideline value of Rajendran Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Rajendran Avenue has changed

The guideline value for Rajendran Avenue has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 2,500 per sq.ft. This was followed by a decrease in 2017 to Rs 1,675 per sq.ft, representing a decline of 33%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and further rose to Rs 2,750 per sq.ft in 2024, marking a 10% increase.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 1,650 per sq.ft, placing Rajendran Avenue's 2024 figure above this median.

• Rajendran Avenue Ext-1: 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)
• Raja Street: Rs 1,100 per sq.ft (2024)
• Rajeswari Nagar: Rs 1,650 per sq.ft (2024)
• RajaRajeswari St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendran Avenue

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, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajendran Avenue?

Rajendran Avenue is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of registration. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Rajendran Avenue?

The current guideline value of Rajendran Avenue 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Rajendran Avenue?

Rajendran Avenue is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Rajendran Avenue?

The Sub Registrar Office covering Rajendran Avenue is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,47,500.