Guideline Value for RAGHAVAN THOTAM

Raghavan Thotam guideline value

The current guideline value of Raghavan Thotam is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Raghavan Thotam has changed

The guideline value of Raghavan Thotam has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 539 per sq.ft, which increased to Rs 622 per sq.ft in 2003, marking a 15% rise. The value continued to rise to Rs 1,000 per sq.ft in 2007, reflecting a 61% increase. By the 2012 revision, the value was Rs 3,200 per sq.ft, which represented a substantial increase of 220% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 2,144 per sq.ft, showing a decline of 33%. However, this trend reversed in the subsequent years, with the value rising to Rs 3,200 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

Guideline values in Ekkaduthangal

The guideline values for Ekkaduthangal indicate a range from Rs 3,080 to Rs 8,800 per sq.ft in 2024, with a median value of Rs 4,620 per sq.ft. The guideline value for Raghavan Thotam is below this median.

• Rajaji Street: Rs 4,620 per sq.ft (2024)
• Rajarajan Street: Rs 5,500 per sq.ft (2024)
• Raja St: Rs 3,080 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 4,620 per sq.ft (2024)
• Poonamallee Road(120 Feet Road West Side): Rs 8,250 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 4,620 per sq.ft (2024)

Stamp duty and registration fee for property in Raghavan Thotam

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raghavan Thotam?

The Sub Registrar Office that covers Raghavan Thotam 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 for more information.

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

The guideline value is a crucial factor in property transactions in Ekkaduthangal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will charge duties based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to ensure that the sale price is in line with the guideline value to avoid any complications during the registration process. Understanding the guideline value helps in making informed decisions during property transactions in Ekkaduthangal.

Frequently asked questions

What is the current guideline value of Raghavan Thotam?

The current guideline value of Raghavan Thotam is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 539 per sq.ft in 2002 and reaching Rs 3,520 per sq.ft in 2024, showing an overall increase of 553%.

Where can I find the registration office for Raghavan Thotam?

The registration office for Raghavan Thotam 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.

What are the stamp duty and registration fees for property in Raghavan Thotam?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value, which influences the stamp duty and registration fees. Buyers and sellers should be aware of this value to ensure smooth transactions.