Guideline Value for RAGHAVAN STREET

Raghavan Street guideline value

The current guideline value of Raghavan Street in Puliyur village, under the Kodambakkam SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Raghavan Street has changed

Over the years, the guideline value of Raghavan Street has seen several revisions. The earliest recorded figure is from 2007, when the value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,600 per sq.ft in 2012, marking a rise of 283%. However, it then decreased to Rs 3,082 per sq.ft in 2017, a decline of 33%. The value jumped to Rs 4,600 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 5,000 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Raghavan Street's current guideline value below this median.

• Railway Border Road: Rs 8,800 per sq.ft (2024)
• Railway Border Street: Rs 8,200 per sq.ft (2024)
• Ragavan Colony: Rs 7,100 per sq.ft (2024)
• Railway Station Road: Rs 8,200 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 5,000 per sq.ft (2024)
• Raja Gopal Street: Rs 4,600 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 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty charged at 7% would be Rs 3,50,000, while the registration fee at 2% would be Rs 1,00,000. Together, the total cost for stamp duty and registration fees would be Rs 4,50,000. It is important to 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 further calculations.

Which Sub Registrar Office covers Raghavan Street?

The Sub Registrar Office that covers Raghavan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect their financial planning and the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Raghavan Street?

The current guideline value of Raghavan Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting a total increase of 317% over this period.

What is the land classification for Raghavan Street?

Raghavan Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office covering Raghavan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Raghavan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at a rate of 7%.