Guideline Value

Corporate

Guideline Value for Raghava Nagar 2nd Main road

₹4400/sq.ft.

The guideline value for Raghava Nagar 2nd 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 2nd Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Raghava Nagar 2nd Main road guideline value

The current guideline value for Raghava Nagar 2nd Main road is Rs 4,400 per sq.ft. 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 2nd Main road has changed

The guideline value for Raghava Nagar 2nd 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. Following that, the value rose significantly to Rs 905 per sq.ft in 2007, and then to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the most notable changes include a 342% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. Overall, the guideline value has increased by 2,100% from 2002 to 2024.

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 for Raghava Nagar 2nd Main road is above this median.

Stamp duty and registration fee for property in Raghava Nagar 2nd 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 amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees 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 also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Raghava Nagar 2nd Main road?

The Sub Registrar Office that covers Raghava Nagar 2nd Main road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Moovarasampattu. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is documented at a fair value.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions contribute to the revenue of the state and are recorded accurately.

Frequently asked questions

What is the current guideline value for Raghava Nagar 2nd Main road?

The current guideline value for Raghava Nagar 2nd Main road is Rs 4,400 per sq.ft as per the 2024 revision.

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 2,100% over this period.

What is the land classification for Raghava Nagar 2nd Main road?

Raghava Nagar 2nd Main road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Raghava Nagar 2nd Main road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.