Guideline Value

Corporate

Guideline Value for Raghava Nagar 3rd Main road

₹4400/sq.ft.

The guideline value for Raghava Nagar 3rd 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 ₹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 3rd Main Road

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Raghava Nagar 3rd Main road guideline value

The current guideline value of Raghava Nagar 3rd Main road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Moovarasampattu village and falls under the Alandur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Raghava Nagar 3rd Main road has changed

The guideline value for Raghava Nagar 3rd Main road has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This rose to Rs 220 per sq.ft in 2003, marking a 10% increase. By 2007, the value surged to Rs 700 per sq.ft, reflecting a substantial increase of 218%. The value then rose to Rs 4,000 per sq.ft in 2012, which was a 471% increase from the previous figure. However, in 2017, the value dropped to Rs 2,680 per sq.ft, showing a decrease of 33% from 2012.

Moving forward, the guideline value increased to Rs 4,000 per sq.ft in 2023, which was a 49% rise from the 2017 figure. 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. The register has no figure for this street in the years not mentioned above.

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 3rd Main road is above this median.

Stamp duty and registration fee for property in Raghava Nagar 3rd 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, while 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 duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raghava Nagar 3rd Main road?

The Raghava Nagar 3rd Main road 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 information.

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

The guideline value is a critical factor when buying or selling property in Moovarasampattu. It serves as the minimum value for property transactions, ensuring that properties are registered at a fair value. This value is used to calculate the applicable stamp duty and registration fees during the transaction process.

When a property is sold, the guideline value helps in determining the official value for registration purposes. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Raghava Nagar 3rd Main road?

The current guideline value of Raghava Nagar 3rd 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, starting 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 3rd Main road?

The land classification for Raghava Nagar 3rd Main road is Commercial Class I Type - II.

Where can I find the Alandur Sub Registrar Office?

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 3rd Main road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,08,000.