Guideline Value

Corporate

Guideline Value for Raghava Nagar 1st Main road

₹4400/sq.ft.

The guideline value for Raghava Nagar 1st Main Road 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 ₹905 /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

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Raghava Nagar 1st Main road guideline value

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

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

The guideline value for Raghava Nagar 1st Main road has seen several revisions over the years. In 2002, the 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 significant increase to Rs 905 per sq.ft in 2007, reflecting a 311% change. The guideline value further rose to Rs 4,000 per sq.ft in 2012, a substantial increase of 342% from the previous revision.

From 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, showing a decline of 33%. However, this was followed by a considerable increase to Rs 4,000 per sq.ft in 2023, which represented a 49% rise. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Raghava Nagar 1st Main road's 2024 figure above this median.

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

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. Together, the total cost would be 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 more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Raghava Nagar 1st Main road 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 is a crucial factor when buying or selling property in Moovarasampattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to ensure that the transaction is recorded accurately and fairly.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Raghava Nagar 1st Main road 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, showing an overall increase of 2100% over the years.

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

The land classification for Raghava Nagar 1st Main road is Commercial Class I Type - II.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Where is the Sub Registrar Office for Raghava Nagar 1st Main road located?

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