Guideline Value for Rajeswari Avenue

Rajeswari Avenue guideline value

The current guideline value of Rajeswari Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Vallam village under the Chengleput Joint I SRO, with a land classification of Residential Special Type - I.

How the guideline value of Rajeswari Avenue has changed

The guideline value for Rajeswari Avenue has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it dropped to Rs 670 per sq.ft. The value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and it has remained at this level in the 2024 revision, showing a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for Rajeswari Avenue. Overall, from 2012 to 2024, the guideline value has not changed, remaining constant at Rs 1,000 per sq.ft.

Guideline values in Vallam

In Vallam, there are 30 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 750 to Rs 1,000 per sq.ft, with the median value being Rs 1,000 per sq.ft. Rajeswari Avenue's 2024 figure aligns with this median.

• Rajarathinapuram: Rs 1,000 per sq.ft (2024)
• Preethi Nagar: Rs 850 per sq.ft (2024)
• Sabari Nagar: Rs 850 per sq.ft (2024)
• School Street: Rs 750 per sq.ft (2024)
• Pandian Nagar: Rs 1,000 per sq.ft (2024)
• Selvam Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeswari Avenue?

The Sub Registrar Office that covers Rajeswari Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Vallam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that they are based on an official valuation rather than the sale price alone. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Rajeswari Avenue?

The current guideline value of Rajeswari Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rajeswari Avenue has remained at Rs 1,000 per sq.ft from 2012 to 2024, with a notable increase from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What are the other guideline values in Vallam?

In Vallam, other streets have guideline values ranging from Rs 750 to Rs 1,000 per sq.ft. Rajeswari Avenue's value is at the median of Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for properties in Rajeswari Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,000.

Which office handles the registration of properties in Rajeswari Avenue?

The Chengleput Joint I Sub Registrar Office is responsible for the registration of properties in Rajeswari Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.