Guideline Value for Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street

Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street guideline value

The current guideline value of Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street has changed

The guideline value for Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street has undergone several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and then rose to Rs 850 per sq.ft in the 2024 revision, marking a 21% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is a 21% increase. The 2017 to 2023 revision saw a notable increase of 49%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value for Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street is below this median.

• Ramakrishna Avenue: Rs 1,600 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 1,600 per sq.ft (2024)
• Ramasamy Street: Rs 3,750 per sq.ft (2024)
• Rajendran Street: Rs 1,300 per sq.ft (2024)
• Ranga Colony 1st Cross Street: Rs 1,900 per sq.ft (2024)
• Ranga Colony 1st Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total fees to Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street?

The Sub Registrar Office that covers Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the registration process adheres to legal and financial standards.

When you are buying or selling property, the guideline value will influence the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street?

The current guideline value of Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street is Residential Class IV Type - I.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers Ramakrishna Avenue Rajeswari Nagar 3rd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 76,500.