Guideline Value for RAGHAVAN STREET

Raghavan Street guideline value

The current guideline value of Raghavan Street in Vanagaram village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class V Type - III.

How the guideline value of Raghavan Street has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in the 2017 revision. The value then increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The most recent revision in 2024 shows a further increase to Rs 770 per sq.ft, reflecting a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Raghavan Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,660 per sq.ft, indicating that Raghavan Street's 2024 figure is below this median.

• Raja Garden: Rs 1,660 per sq.ft (2024)
• Radhakrishnan Street: Rs 1,660 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 1,320 per sq.ft (2024)
• Radhakrishnan 2nd Street: Rs 1,320 per sq.ft (2024)
• Radhakrishnan 1st Street: Rs 1,320 per sq.ft (2024)
• Rajan Nagar Extn.: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Raghavan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raghavan Street?

The Sub Registrar Office that covers Raghavan Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO online.

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

The guideline value is an important factor in property transactions in Vanagaram. It is used to determine the stamp duty and registration fees that must be paid when registering a property sale. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value acts as a benchmark for the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Raghavan Street?

The current guideline value of Raghavan Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Raghavan Street has changed from Rs 700 in 2012 to Rs 469 in 2017, then to Rs 700 in 2023, and finally to Rs 770 in 2024. This reflects a significant increase over the years.

What is the land classification of Raghavan Street?

Raghavan Street is classified as Residential Class V Type - III under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for properties in Raghavan Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 770 per sq.ft, the total fees would amount to Rs 69,300.

Where can I find the Sub Registrar Office for Raghavan Street?

The Sub Registrar Office for Raghavan Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO online.