Guideline Value for Rajeswari Avenue

Rajeswari Avenue guideline value

The current guideline value of Rajeswari Avenue is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Rajeswari Avenue has changed

Over the years, the guideline value of Rajeswari Avenue has seen significant changes. In the 2007 revision, the value was Rs 250 per sq.ft, which rose dramatically to Rs 1,800 per sq.ft in 2012, marking an increase of 620%. However, in the 2017 revision, the value decreased to Rs 1,206 per sq.ft, representing a decline of 33%. The value then increased to Rs 1,800 per sq.ft in 2023, and subsequently to Rs 1,980 per sq.ft in 2024, reflecting a rise of 10%.

The register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 692%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Rajeswari Avenue's current value below this median.

• Rajendra Prasad Theru: Rs 2,310 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 2,310 per sq.ft (2024)
• Rajiv Nagar: Rs 2,640 per sq.ft (2024)
• Raja Rajessari Nagar: Rs 2,640 per sq.ft (2024)
• Ramadass Street: Rs 2,640 per sq.ft (2024)
• Raja Nagar: Rs 1,980 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajeswari Avenue?

The Sub Registrar Office that covers Rajeswari Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is crucial during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be sold, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that all parties involved are aware of the financial obligations tied to the property sale.

Frequently asked questions

What is the current guideline value of Rajeswari Avenue?

The current guideline value of Rajeswari Avenue is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 692% over the years.

What is the median guideline value in Perungalathur?

The median guideline value for streets in Perungalathur is Rs 2,310 per sq.ft, which is higher than the current value of Rajeswari Avenue.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Rajeswari Avenue?

The Padappai Sub Registrar Office handles property registrations for Rajeswari Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.