Guideline Value for RAGHAVAN STREET

Raghavan Street guideline value

The current guideline value of Raghavan Street in Chinnasekkadu village is Rs 1,300 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Raghavan Street has changed

Over the years, the guideline value of Raghavan Street has seen several revisions. In 2002, the guideline value was Rs 157 per sq.ft. This increased to Rs 182 per sq.ft in 2003, marking a rise of 16%. The value then saw a significant jump to Rs 500 per sq.ft in 2007, reflecting a 175% increase. By 2012, the value was Rs 1,200 per sq.ft, which was a 140% increase from the previous revision. However, it then decreased to Rs 804 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, and most recently, it has reached Rs 1,300 per sq.ft in 2024, representing an 8% increase.

There are no figures available for the years not listed in the register for Raghavan Street. The overall change from 2002 to 2024 shows an increase of 728% in the guideline value.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Raghavan Street's 2024 figure of Rs 1,300 per sq.ft is above this median.

• Radha Street/Nagar: Rs 1,001 per sq.ft (2024)
• Puddhapiran Street: Rs 1,300 per sq.ft (2024)
• Raji Street / Raji Naickan Street: Rs 1,300 per sq.ft (2024)
• Ponnuswamy Street: Rs 1,001 per sq.ft (2024)
• Ramalingaswamy Koil Street: Rs 1,001 per sq.ft (2024)
• Perumal Koil Street/Mallikai Nagar: Rs 1,001 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 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Chinnasekkadu. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value can influence the overall costs involved in property transactions.

When registering a property, the guideline value serves as a benchmark for calculating the fees. It is crucial for buyers and sellers to be informed about the current guideline value to ensure accurate financial planning during the property transaction process.

Frequently asked questions

What is the current guideline value of Raghavan Street?

The current guideline value of Raghavan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 157 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 728% across the revisions.

What is the land classification of Raghavan Street?

Raghavan Street is classified as Residential Class I Type - I under the Thiruvottiyur SRO.

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

The Sub Registrar Office for Raghavan Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000, leading to specific fees based on this value.