Guideline Value for SRI RAGHAVENDHARAR AVENUE

Sri Raghavendharar Avenue guideline value

The current guideline value of Sri Raghavendharar Avenue in Cholanthangal village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Madurandakam Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of Sri Raghavendharar Avenue has changed

The guideline value for Sri Raghavendharar Avenue has undergone several revisions over the years. The 2024 revision maintains the rate at Rs 500 per sq.ft, the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 500 per sq.ft, indicating a decrease of 33% to the 2017 figure.

Notably, the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street. Overall, comparing the figures from 2012 to 2024, there has been no change, with the guideline value remaining at Rs 500 per sq.ft.

Guideline values in Cholanthangal

In Cholanthangal village, there are six streets under the Madurandakam SRO that carry a 2024 guideline value. The values range from Rs 150 to Rs 700 per sq.ft, with the median being Rs 500 per sq.ft. Sri Raghavendharar Avenue's 2024 figure aligns with this median.

• Sri Raghavendharar Avenue Phase- I: Rs 500 per sq.ft (2024)
• Thulaci Promoters - Kamala Nagar: Rs 500 per sq.ft (2024)
• Vallalar Nagar: Rs 150 per sq.ft (2024)
• Viruksham Avenue: Rs 600 per sq.ft (2024)
• யோகாலயா அவென்யூ: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Raghavendharar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, which totals Rs 35,000, and the registration fee is charged at 2%, amounting to Rs 10,000. Therefore, the total cost for stamp duty and registration fees together is Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Sri Raghavendharar Avenue?

The Madurandakam Sub Registrar Office covers Sri Raghavendharar Avenue. The office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Cholanthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of properties in the area.

When a property is bought or sold, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial obligations involved in the transaction. This transparency helps in maintaining a standardized process for property registration.

Frequently asked questions

What is the current guideline value of Sri Raghavendharar Avenue?

The current guideline value of Sri Raghavendharar Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a notable increase from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 45,000.

Which office handles the registration for Sri Raghavendharar Avenue?

The Madurandakam Sub Registrar Office handles the registration for properties on Sri Raghavendharar Avenue, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Sri Raghavendharar Avenue?

The land classification for Sri Raghavendharar Avenue is Mixed Type - I, indicating a diverse use of land in the area.