Guideline Value

Corporate

Guideline Value for Raasi Nagar

₹1100/sq.ft.

The guideline value for Raasi Nagar in Kathirvedu village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kathirvedu

Village

Ambattur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹90 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹61 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Raasi Nagar

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Raasi Nagar guideline value

The current guideline value of Raasi Nagar, located in Kathirvedu village under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Raasi Nagar has changed

The guideline value for Raasi Nagar has undergone several revisions over the years. Starting from Rs 61 per sq.ft in 2002, it increased to Rs 90 per sq.ft in 2003, marking a 48% rise. The value saw a significant jump to Rs 300 per sq.ft in 2007, reflecting a 233% increase. In 2012, the guideline value was Rs 1,000 per sq.ft, showing a remarkable increase of 233% from the previous figure. However, it decreased to Rs 670 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 1,000 per sq.ft in 2023, followed by a 10% increase to the current Rs 1,100 per sq.ft in 2024.

There are no figures available for the years not mentioned in the register for Raasi Nagar. Overall, from 2002 to 2024, the guideline value has increased by 1,703%.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with the median being Rs 1,500 per sq.ft. Raasi Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Raasi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. 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 Raasi Nagar?

The Sub Registrar Office that covers Raasi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kathirvedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees are calculated appropriately based on this value.

When buying or selling property, the guideline value helps in assessing the fair price for transactions. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Raasi Nagar?

The current guideline value of Raasi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 61 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1,703% over the years.

What is the classification of land in Raasi Nagar?

Raasi Nagar is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in Raasi Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Raasi Nagar located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.