Guideline Value for Rehoboth Avenue

Rehoboth Avenue guideline value

The current guideline value of Rehoboth Avenue in Siruniyam village is Rs 220 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of Rehoboth Avenue has changed

The guideline value of Rehoboth Avenue has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which set the value at Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the value to Rs 220 per sq.ft, reflecting 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 this street.

Guideline values in Siruniyam

In Siruniyam, there are 32 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, indicating that Rehoboth Avenue's current value is below this median.

• Revathi Avenue: Rs 550 per sq.ft (2024)
• Revathy Avenue: Rs 825 per sq.ft (2024)
• Siruniam - Angadu Road: Rs 440 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 440 per sq.ft (2024)
• Perumal Koil Street (Siruniyam Colony): Rs 330 per sq.ft (2024)
• Perumal Koil Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Rehoboth Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, charged at 7%, would be Rs 15,400, while the registration fee at 2% would be Rs 4,400. Together, these fees would total Rs 19,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rehoboth Avenue?

The Sub Registrar Office that covers Rehoboth Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Siruniyam. It is used to determine the stamp duty and registration fees when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the current guideline value as it influences the overall cost of the transaction. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rehoboth Avenue?

The current guideline value of Rehoboth Avenue is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the median guideline value for streets in Siruniyam?

The median guideline value for streets in Siruniyam is Rs 440 per sq.ft, with Rehoboth Avenue's current value being below this median.

Where is the Sub Registrar Office for Rehoboth Avenue located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 220 per sq.ft would incur a total of Rs 19,800 in fees.