Guideline Value for GURU RAGHAVENDRA NAGAR

Guru Raghavendra Nagar guideline value

The current guideline value of Guru Raghavendra Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pothur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Guru Raghavendra Nagar has changed

The guideline value for Guru Raghavendra Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 550 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pothur

In Pothur village, there are 98 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current value of Guru Raghavendra Nagar.

• Hi Fi AVENUE: Rs 550 per sq.ft (2024)
• Indhirani Nagar: Rs 550 per sq.ft (2024)
• Golden Avenue: Rs 440 per sq.ft (2024)
• Indra Nagar: Rs 440 per sq.ft (2024)
• Jagadeeswari Nagar Extn.: Rs 440 per sq.ft (2024)
• Jagedeswari Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Raghavendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Guru Raghavendra Nagar?

The Sub Registrar Office that covers Guru Raghavendra Nagar is the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 Pothur

The guideline value is a crucial factor in the registration process when buying or selling property in Pothur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Guru Raghavendra Nagar?

The current guideline value of Guru Raghavendra Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, marking an overall increase of 64% across these years.

What are the other streets in Pothur with similar guideline values?

Other streets in Pothur with a guideline value of Rs 550 per sq.ft include Hi Fi AVENUE and Indhirani Nagar, while streets like Golden Avenue and Indra Nagar have a lower value of Rs 440 per sq.ft.

What fees are associated with buying property in Guru Raghavendra Nagar?

When buying property in Guru Raghavendra Nagar, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Guru Raghavendra Nagar?

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