Guideline Value for RAGHAVA LANE

Raghava Lane guideline value

The current guideline value of Raghava Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - II.

How the guideline value of Raghava Lane has changed

In the 2012 revision, the guideline value for Raghava Lane was Rs 4,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, indicating that Raghava Lane's 2024 figure is below that median.

• Raghava Naickan Thottam: Rs 4,900 per sq.ft (2024)
• Raghava Thottam 1st Street: Rs 4,900 per sq.ft (2024)
• Raghava Thottam Main Road: Rs 4,900 per sq.ft (2024)
• Raja Annamalaipuram 11th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 12th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 13th Cross Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Raghava Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, making the total cost for these fees Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Raghava Lane?

The Sub Registrar Office that covers Raghava Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

When buying or selling property in Mylapore, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value serves as a benchmark for the minimum price at which properties can be registered.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. Ensuring compliance with these values helps in smooth registration processes at the Mylapore SRO.

Frequently asked questions

What is the current guideline value of Raghava Lane?

The current guideline value of Raghava Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Raghava Lane was Rs 4,500 per sq.ft in 2012 and remained the same in 2023. It increased to Rs 4,900 per sq.ft in 2024, marking a 9% increase from the previous year.

What are the stamp duty and registration fees for properties on Raghava Lane?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Raghava Lane?

The Mylapore Sub Registrar Office covers Raghava Lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the land classification of Raghava Lane?

Raghava Lane is classified as Residential Class V Type - II under the Mylapore SRO.