Guideline Value for Raghava Nagar 13th Street

Raghava Nagar 13th Street guideline value

The current guideline value of Raghava Nagar 13th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, and it falls under the Commercial Class I Type - II land classification.

How the guideline value of Raghava Nagar 13th Street has changed

The guideline value for Raghava Nagar 13th Street has experienced several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 200 per sq.ft. This increased to Rs 220 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 700 per sq.ft, reflecting a significant increase of 218%. However, from 2007 to 2012, the value decreased to Rs 4,000 per sq.ft, showing a drop of 471%. In 2017, the guideline value was recorded at Rs 2,680 per sq.ft, which was a 33% decrease from the previous figure. The 2023 revision set the value at Rs 4,000 per sq.ft, followed by the current 2024 revision of Rs 4,400 per sq.ft, indicating a 10% increase.

There are no figures available in the register for the years not listed above. Overall, from 2002 to 2024, the guideline value has increased by 2100%.

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. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Raghava Nagar 13th Street's 2024 figure above this median.

• Raghava Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 1st Main road: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 1st Main road Extension: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 10th Street: 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 13th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total 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 information.

Which Sub Registrar Office covers Raghava Nagar 13th Street?

The Sub Registrar Office that covers Raghava Nagar 13th 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Moovarasampattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate applicable duties and fees, which are essential for the registration process. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Raghava Nagar 13th Street?

The current guideline value of Raghava Nagar 13th 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% over this period.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for Raghava Nagar 13th Street?

The Alandur Sub Registrar Office handles registrations for Raghava Nagar 13th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Raghava Nagar 13th Street?

Raghava Nagar 13th Street is classified under Commercial Class I Type - II land classification.