Guideline Value for SHIRDI AVENUE

Shirdi Avenue guideline value

The current guideline value of Shirdi Avenue in Rajakilpakkam village is Rs 4,750 per sq.ft, effective from 1 July 2024. This property falls under the Selaiyur SRO and is classified as Mixed Type - I land.

How the guideline value of Shirdi Avenue has changed

The guideline value for Shirdi Avenue has seen significant changes over the years. In the 2017 revision, the value was set at Rs 3,000 per sq.ft. This increased to Rs 4,480 per sq.ft in the 2023 revision, marking a substantial rise of 49%. The most recent 2024 revision reflects a further increase to Rs 4,750 per sq.ft, which is a 6% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 58%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Shirdi Avenue.

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. The median value for these streets is Rs 2,150 per sq.ft, placing Shirdi Avenue's 2024 guideline value above this median.

• Silapathikaram Street: Rs 880 per sq.ft (2024)
• Shah Avenue: Rs 2,150 per sq.ft (2024)
• Sha Avenue Extn.I: Rs 2,150 per sq.ft (2024)
• Sha Avenue 5th Street: Rs 2,150 per sq.ft (2024)
• Sha Avenue 4th Street: Rs 2,150 per sq.ft (2024)
• Sha Avenue 3rd Street: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Shirdi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,750 per sq.ft, the total guideline value would be Rs 47,50,000. The stamp duty at 7% would amount to Rs 3,32,500, while the registration fee at 2% would be Rs 95,000. Together, these fees total Rs 4,27,500. 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 Shirdi Avenue?

The Sub Registrar Office that covers Shirdi Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 plays a crucial role in the registration process of property transactions in Rajakilpakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Shirdi Avenue?

The current guideline value of Shirdi Avenue is Rs 4,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2017 to Rs 4,750 per sq.ft in 2024, reflecting an overall increase of 58% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 47,50,000. The stamp duty would be Rs 3,32,500 and the registration fee would be Rs 95,000, totaling Rs 4,27,500.

Which Sub Registrar Office covers Shirdi Avenue?

The Selaiyur Sub Registrar Office covers Shirdi Avenue, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Shirdi Avenue?

Shirdi Avenue is classified as Mixed Type - I land, which indicates the type of development allowed in this area.