Guideline Value for SRI DEVI NAGAR RAJAJI ST

Sri Devi Nagar Rajaji St guideline value

The current guideline value of Sri Devi Nagar Rajaji St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Devi Nagar Rajaji St has changed

The guideline value for Sri Devi Nagar Rajaji St has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased to Rs 850 per sq.ft in 2012. However, it then decreased to Rs 569 per sq.ft in 2017. The value rose significantly to Rs 850 per sq.ft again in 2023, and most recently, it increased to Rs 935 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 167%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which is also the guideline value for Sri Devi Nagar Rajaji St.

• Sri Devi Nagar Radhakrishnan St: Rs 935 per sq.ft (2024)
• Sri Devi Nagar Road: Rs 935 per sq.ft (2024)
• Sri Devi Nagar Perumalsamy St: Rs 935 per sq.ft (2024)
• Sri Devi Nagar Vijayaragavan St: Rs 935 per sq.ft (2024)
• Sri Devi Nagar Parthasarathy St: Rs 935 per sq.ft (2024)
• Sri Devio Nagar Lakshmi St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Nagar Rajaji St

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Nagar Rajaji St?

Sri Devi Nagar Rajaji St falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions reflect fair pricing in the real estate market.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar Rajaji St?

The current guideline value of Sri Devi Nagar Rajaji St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 935 per sq.ft in 2024, marking an overall increase of 167%.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 84,150.

Which office handles property registrations for Sri Devi Nagar Rajaji St?

The Avadi Sub Registrar Office is responsible for property registrations in Sri Devi Nagar Rajaji St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

What is the land classification for Sri Devi Nagar Rajaji St?

The land classification for Sri Devi Nagar Rajaji St is Residential Class II Type - II.