Guideline Value for RAGHAVAN NAICKER NAGAR

Raghavan Naicker Nagar guideline value

The current guideline value of Raghavan Naicker Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Avaloor village and falls under the Walajabad SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Raghavan Naicker Nagar has changed

Over the years, the guideline value of Raghavan Naicker Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The next revision in 2017 marked a decrease to Rs 67 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 100 per sq.ft, showing no change despite fluctuations in earlier years.

Guideline values in Avaloor

Avaloor village has a range of guideline values across its 13 streets under the Walajabad SRO, with values in 2024 ranging from Rs 100 to Rs 450 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, placing Raghavan Naicker Nagar below this median.

• Poorna Nagar: Rs 150 per sq.ft (2024)
• R.V.Nagar: Rs 150 per sq.ft (2024)
• Sri Balaganapathy Garden: Rs 300 per sq.ft (2024)
• Metro City Phase-IV: Rs 250 per sq.ft (2024)
• Sri Sudharshana Garden: Rs 150 per sq.ft (2024)
• S.S Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Raghavan Naicker Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghavan Naicker Nagar?

The Sub Registrar Office that covers Raghavan Naicker Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Avaloor. It is used to determine the stamp duty and registration fees that need to be paid during the registration of a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is referenced to calculate the applicable fees, ensuring that all transactions are recorded accurately. This helps in maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Raghavan Naicker Nagar?

The current guideline value of Raghavan Naicker Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with a decrease to Rs 67 per sq.ft in 2017, and an increase back to Rs 100 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Raghavan Naicker Nagar?

The land classification for Raghavan Naicker Nagar is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 9,000 based on the current guideline value.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles property registrations for Raghavan Naicker Nagar.