Guideline Value

Corporate

Guideline Value for RAGHAVENDRA NAGAR

₹1320/sq.ft.

The guideline value for Raghavendra Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹109 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹92 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Raghavendra Nagar

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Raghavendra Nagar guideline value

The current guideline value of Raghavendra Nagar, located in Pallikaranai village, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Raghavendra Nagar has changed

The guideline value for Raghavendra Nagar has seen several revisions over the years. In 2002, the value was set at Rs 92 per sq.ft, which increased to Rs 109 per sq.ft in 2003. Following this, the guideline value rose significantly to Rs 400 per sq.ft in 2007, and then to Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017 before increasing again to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft.

Notably, the changes between revisions include a 10% increase from 2023 to 2024 and a substantial 49% increase from 2017 to 2023. The value saw a decrease of 33% from 2012 to 2017. The rise from 2007 to 2012 was 200%, while the increase from 2003 to 2007 was 267%. Overall, from 2002 to 2024, the guideline value has increased by 1335%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values for 2024 ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Raghavendra Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Raghavendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. 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 Raghavendra Nagar?

The Sub Registrar Office that covers Raghavendra Nagar 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered to ensure that the transaction is conducted at a fair value. This helps in maintaining transparency in property dealings and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Raghavendra Nagar?

The current guideline value of Raghavendra Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 92 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1335% over the years.

What is the registration office for Raghavendra Nagar?

The registration office for Raghavendra Nagar 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.

How is stamp duty calculated in Raghavendra Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.

What are the other guideline values in Pallikaranai?

In Pallikaranai, the guideline values for other streets range from Rs 1,110 to Rs 8,580 per sq.ft, with Raghavendra Nagar's value being Rs 1,320 per sq.ft, which is below the median value of Rs 1,650 per sq.ft.