Guideline Value for Rajeswari Avenue

Rajeswari Avenue guideline value

The current guideline value of Rajeswari Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Madanandapuram village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Rajeswari Avenue has changed

The guideline value for Rajeswari Avenue has undergone several revisions over the years. In 2007, the value was Rs 1,208 per sq.ft. This increased significantly to Rs 3,600 per sq.ft in 2012, marking a rise of 198%. However, it then decreased to Rs 2,412 per sq.ft in 2017, a drop of 33%. The value saw a notable increase of 49% to Rs 3,600 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 3,960 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for Rajeswari Avenue. Overall, from 2007 to 2024, the guideline value has increased by 228%.

Guideline values in Madanandapuram

Madanandapuram has a total of 94 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value in this area is Rs 3,520 per sq.ft, placing Rajeswari Avenue's 2024 figure above this median.

• Ramachandra Nagar: Rs 3,960 per sq.ft (2024)
• Ramakrishna Nagar: Rs 3,190 per sq.ft (2024)
• Ramji Nagar: Rs 3,190 per sq.ft (2024)
• RadhaKrishnan Avenue: Rs 3,190 per sq.ft (2024)
• Ramya Nagar: Rs 3,960 per sq.ft (2024)
• Ramya Nagar Extension: Rs 3,960 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 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, making the total cost Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate 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. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for taxation purposes. It is advisable to consult the latest guideline values to understand the financial implications of any property transaction.

Frequently asked questions

What is the current guideline value of Rajeswari Avenue?

The current guideline value of Rajeswari Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,208 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 228% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 39,60,000. The stamp duty at 7% is Rs 2,77,200, and the registration fee at 2% is Rs 79,200, totaling Rs 3,56,400.

Which Sub Registrar Office is responsible for Rajeswari Avenue?

The Kunrathur Sub Registrar Office is responsible for Rajeswari Avenue, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Rajeswari Avenue?

Rajeswari Avenue is classified as Residential Special Type - I, which indicates its intended use for residential purposes.