Guideline Value for RAGHUPATHY STREET

Raghupathy Street guideline value

The current guideline value of Raghupathy Street is Rs 1,960 per sq.ft, effective from 1 July 2024. This street is located in Nanmangalam village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Raghupathy Street has changed

The guideline value of Raghupathy Street has seen several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and most recently to Rs 1,960 per sq.ft in 2024, reflecting a 9% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is +9%. Notably, there are no figures available for the years 2002, 2003, and 2007 for Raghupathy Street in the register.

Guideline values in Nanmangalam

In Nanmangalam, there are 139 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft, with a median value of Rs 2,750 per sq.ft. Raghupathy Street's 2024 guideline value is below this median.

• Radhakrishnan Nagar: Rs 2,750 per sq.ft (2024)
• Rajaji Street: Rs 2,750 per sq.ft (2024)
• Prp Nagar: Rs 1,960 per sq.ft (2024)
• Rajeev Gandhi Nagar: Rs 3,300 per sq.ft (2024)
• Rajeev Nagar: Rs 3,300 per sq.ft (2024)
• Rajiv Gandhi 1 To 7 Streets: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Raghupathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,960 per sq.ft, the total guideline value amounts to Rs 19,60,000. The stamp duty at 7% would be Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, bringing the total fees to Rs 1,76,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghupathy Street?

The Sub Registrar Office that covers Raghupathy Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Nanmangalam, the guideline value is a crucial factor in determining the registration fees and stamp duty that must be paid. This value serves as a benchmark for the property's worth and is used by the Registration Department to calculate applicable charges.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the overall cost involved in property transactions. Ensuring that the transaction is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Raghupathy Street?

The current guideline value of Raghupathy Street is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,960 per sq.ft in 2024.

What is the land classification for Raghupathy Street?

Raghupathy Street is classified as Residential Class II Type - I according to the guidelines.

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

The Sub Registrar Office for Raghupathy Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Raghupathy Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,60,000, the stamp duty would be Rs 1,37,200 at a rate of 7%.