Guideline Value for RAGHURAMAN STREET

Raghuraman Street guideline value

The current guideline value of Raghuraman Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the jurisdiction of the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Raghuraman Street has changed

The guideline value for Raghuraman Street has seen several revisions over the years. In 2002, the value was Rs 440 per sq.ft, which increased to Rs 900 per sq.ft in 2003, marking a 105% rise. The value continued to grow, reaching Rs 1,250 per sq.ft in 2007, a 39% increase from the previous revision. By 2012, the value was Rs 5,500 per sq.ft, reflecting a significant jump of 340%. However, it then decreased to Rs 3,685 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 5,500 per sq.ft in 2023, and most recently, it has been revised to Rs 6,000 per sq.ft in 2024, representing a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1264%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the current value of Raghuraman Street.

• Raghuram Street: Rs 6,000 per sq.ft (2024)
• Raghavan Street: Rs 5,500 per sq.ft (2024)
• Rajagopal Street: Rs 6,000 per sq.ft (2024)
• Quide Millath I St Street: Rs 3,800 per sq.ft (2024)
• Quide Millath II Nd Street: Rs 3,300 per sq.ft (2024)
• Quide Millath III Rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Raghuraman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total cost for these fees to Rs 5,40,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Raghuraman Street?

The Raghuraman Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the appropriate legal and financial obligations. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Raghuraman Street?

The current guideline value of Raghuraman Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 440 per sq.ft in 2002 to Rs 6,000 per sq.ft in 2024, an overall increase of 1264% over the years.

What are the stamp duty rates for properties in Raghuraman Street?

The stamp duty for properties in Raghuraman Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Kodambakkam Sub Registrar Office covers Raghuraman Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Raghuraman Street?

Raghuraman Street is classified as Residential Special Type - II under the Kodambakkam SRO.