Guideline Value for Raghava Nagar 11th Street

Raghava Nagar 11th Street guideline value

The current guideline value of Raghava Nagar 11th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, classified as Commercial Class I Type - II.

How the guideline value of Raghava Nagar 11th Street has changed

The guideline value for Raghava Nagar 11th Street has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This increased to Rs 220 per sq.ft in 2003, marking a 10% rise. The value then jumped to Rs 700 per sq.ft in 2007, a substantial increase of 218%. Following this, the 2012 revision saw the value at Rs 4,000 per sq.ft, which was a remarkable increase of 471% from the previous figure. However, the 2017 revision recorded a decrease to Rs 2,680 per sq.ft, reflecting a decline of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions of the years not mentioned in the provided data. The overall change from 2002 to 2024 indicates an increase of 2100% in the guideline value for Raghava Nagar 11th Street.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Raghava Nagar 11th Street is above this median.

• Raghava Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 1st Main road: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 1st Main road Extension: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Raghava Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Raghava Nagar 11th Street?

The Sub Registrar Office that covers Raghava Nagar 11th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Moovarasampattu. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives the appropriate stamp duty and registration fees during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Raghava Nagar 11th Street?

The current guideline value of Raghava Nagar 11th Street is Rs 4,400 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 200 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 2100%.

What are the stamp duty rates for properties in Raghava Nagar 11th Street?

The stamp duty for properties in Raghava Nagar 11th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Raghava Nagar 11th Street?

The Alandur Sub Registrar Office handles property registrations for Raghava Nagar 11th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value in Moovarasampattu?

The median guideline value in Moovarasampattu is Rs 3,300 per sq.ft, with Raghava Nagar 11th Street's current value being above this median.