Guideline Value for RAGHAVA NAICKAN THOTTAM

Raghava Naickan Thottam guideline value

The current guideline value of Raghava Naickan Thottam 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 Naickan Thottam has changed

Over the years, the guideline value for Raghava Naickan Thottam has seen several revisions. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, an increase from Rs 4,500 per sq.ft in 2023. Notably, the 2023 revision did not change from the 2012 figure of Rs 4,500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

From 2012 to 2024, the overall increase in guideline value is 9%. The change from 2023 to 2024 reflects a 9% rise, while the value remained constant from 2012 to 2023.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value across these streets is Rs 8,800 per sq.ft, placing Raghava Naickan Thottam's 2024 figure below this median.

• Raghava Lane: 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 Naickan Thottam

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, charged at 7%, would be Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Raghava Naickan Thottam?

The Sub Registrar Office covering Raghava Naickan Thottam 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

The guideline value is an essential factor during the registration of property transactions in Mylapore. It helps determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Raghava Naickan Thottam?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024. There was no change from 2012 to 2023, and the overall increase from 2012 to 2024 is 9%.

What are the registration fees for property in Raghava Naickan Thottam?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,41,000.

Which office handles property registrations in Mylapore?

The Mylapore Sub Registrar Office handles property registrations in Mylapore. It is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft for the year 2024. Raghava Naickan Thottam's value is below this median.