Guideline Value

Corporate

Guideline Value for Raghava Nagar 1st Main road Extension

₹4400/sq.ft.

The guideline value for Raghava Nagar 1st Main Road Extension in Moovarasampattu village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moovarasampattu

Village

Alandur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹220 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹200 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Raghava Nagar 1st Main Road Extension

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Raghava Nagar 1st Main road Extension guideline value

The current guideline value for Raghava Nagar 1st Main road Extension is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Moovarasampattu village, under the Alandur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Raghava Nagar 1st Main road Extension has changed

The guideline value for Raghava Nagar 1st Main road Extension has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 220 per sq.ft in 2003, marking a 10% rise. The value then saw a substantial increase to Rs 700 per sq.ft in 2007, reflecting a 218% change. By 2012, the value was Rs 4,000 per sq.ft, which represented a 471% increase from the previous revision. However, there was a decrease to Rs 2,680 per sq.ft in 2017, a drop of 33% from the 2012 figure.

From 2017 to 2023, the guideline value rose to Rs 4,000 per sq.ft, an increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for other years in the register for this 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. The median guideline value for these streets is Rs 3,300 per sq.ft, and Raghava Nagar 1st Main road Extension's 2024 figure is above this median.

Stamp duty and registration fee for property in Raghava Nagar 1st Main road Extension

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.

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

Which Sub Registrar Office covers Raghava Nagar 1st Main road Extension?

The Raghava Nagar 1st Main road Extension falls under the jurisdiction of 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 is a crucial factor during property registration in Moovarasampattu. It serves as the basis for calculating the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the sale price, and the duty is charged on whichever is higher.

When registering a property, it is essential to have the latest guideline value in mind, as it can significantly impact the overall costs involved in the transaction. This ensures compliance with local regulations and accurate financial planning for buyers and sellers alike.

Frequently asked questions

What is the current guideline value for Raghava Nagar 1st Main road Extension?

The current guideline value for Raghava Nagar 1st Main road Extension 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 the years.

What is the land classification for Raghava Nagar 1st Main road Extension?

Raghava Nagar 1st Main road Extension is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Raghava Nagar 1st Main road Extension?

The Alandur Sub Registrar Office covers Raghava Nagar 1st Main road Extension and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.