Guideline Value for RAGHAVA THOTTAM MAIN ROAD

Raghava Thottam Main Road guideline value

The current guideline value of Raghava Thottam Main Road 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 Thottam Main Road has changed

The guideline value for Raghava Thottam Main Road has seen several revisions over the years. In 2002, the value was Rs 612 per sq.ft, which increased to Rs 680 per sq.ft in 2003, marking an 11% rise. The next significant jump occurred in 2012, where the value remained at Rs 4,500 per sq.ft until 2023, indicating no change during that period. The 2023 revision set the value at Rs 4,500 per sq.ft, which then increased by 9% to the current Rs 4,900 per sq.ft in 2024.

Notably, there were no figures recorded for the years 2007 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 701%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value of Raghava Thottam Main Road is below this median.

• Raghava Thottam 1st Street: Rs 4,900 per sq.ft (2024)
• Raghava Naickan Thottam: Rs 4,900 per sq.ft (2024)
• Raghava Lane: 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 Thottam Main Road

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, and the registration fee at 2% would be Rs 98,000, totaling 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 also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Raghava Thottam Main Road?

The Sub Registrar Office that covers Raghava Thottam Main Road is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is in accordance with the prevailing rates. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Raghava Thottam Main Road?

The current guideline value of Raghava Thottam Main Road 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 increased from Rs 612 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, marking a total increase of 701% over the years.

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

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 Thottam Main Road?

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

Are there other streets with the same guideline value in Mylapore?

Yes, there are other streets in Mylapore with the same guideline value of Rs 4,900 per sq.ft, including Raghava Thottam 1st Street, Raghava Naickan Thottam, and Raghava Lane.