Guideline Value

Corporate

Guideline Value for RAGHAVENDRA NAGAR

₹550/sq.ft.

The guideline value for Raghavendra Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pammathukulam village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Raghavendra Nagar has changed

Over the years, the guideline value of Raghavendra Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is an increase from Rs 500 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, reflecting a significant increase of 49% by 2023. The value had previously been Rs 500 per sq.ft in 2012, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, making Raghavendra Nagar's 2024 figure equal to that 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Raghavendra Nagar?

The Sub Registrar Office that covers Raghavendra Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammathukulam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both parties adhere to the prescribed rates set by the government.

When a property transaction occurs, the guideline value helps determine the official valuation of the property, which is necessary for legal documentation. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Raghavendra Nagar?

The current guideline value of Raghavendra Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, with no figures available for the years 2002, 2003, and 2007.

What is the land classification for Raghavendra Nagar?

Raghavendra Nagar is classified as Residential Class II Type - I. This classification is important for understanding the permitted uses and regulations for properties in the area.

How is stamp duty calculated for properties in Raghavendra Nagar?

Stamp duty for properties in Raghavendra Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% of the guideline value.

Where can I find the Sub Registrar Office for Raghavendra Nagar?

The Sub Registrar Office for Raghavendra Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.