Guideline Value for Rajeswari Avenue

Rajeswari Avenue guideline value

The current guideline value of Rajeswari Avenue is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rajeswari Avenue has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This figure increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Rajeswari Avenue.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Rajeswari Avenue's 2024 figure below that median.

• Ramachandra Avenue: Rs 1,210 per sq.ft (2024)
• Ramachandran Nagar / Annexe: Rs 1,210 per sq.ft (2024)
• Rajamaniyam Street: Rs 1,210 per sq.ft (2024)
• Ramalingam Nagar: Rs 1,430 per sq.ft (2024)
• Rajagopalan Nagar: Rs 1,540 per sq.ft (2024)
• Ranganathan Nagar: Rs 1,210 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rajeswari Avenue?

The Sub Registrar Office that covers Rajeswari Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kunrathour-B, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Rajeswari Avenue?

The current guideline value of Rajeswari Avenue is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, and then to Rs 1,210 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Rajeswari Avenue?

Rajeswari Avenue is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Rajeswari Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Rajeswari Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 1,210 per sq.ft, the stamp duty would be Rs 84,700.