Guideline Value for Raghava Nagar 3rd Street

Raghava Nagar 3rd Street guideline value

The current guideline value of Raghava Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. 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 3rd Street has changed

The guideline value for Raghava Nagar 3rd Street has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This figure increased to Rs 220 per sq.ft in 2003, marking a rise of 10%. The value continued to rise, reaching Rs 700 per sq.ft in 2007, which was an increase of 218%. By 2012, the value dropped to Rs 4,000 per sq.ft, reflecting a decrease of 33%. The subsequent revision in 2017 saw the guideline value rise again to Rs 2,680 per sq.ft, an increase of 49% from the previous year. The value remained at Rs 4,000 per sq.ft in 2023 before reaching the current rate of Rs 4,400 per sq.ft in 2024, representing a 10% increase.

There are no figures available for the revisions in years not mentioned. Overall, from 2002 to 2024, the guideline value has increased by 2,100%.

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 value among these streets is Rs 3,300 per sq.ft, positioning Raghava Nagar 3rd Street above this median.

• Raghava Nagar 3rd Main road: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Raghava nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 2nd Main road: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 5th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Raghava Nagar 3rd Street

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 fees together to Rs 3,96,000. The duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghava Nagar 3rd Street?

The Sub Registrar Office that covers Raghava Nagar 3rd 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 information.

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

The guideline value is a crucial factor in property transactions in Moovarasampattu. It serves as a benchmark for determining the minimum value of properties during registration. Buyers and sellers must consider this value to ensure compliance with local regulations when completing a property transaction.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction reflects the appropriate value for taxation purposes.

Frequently asked questions

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

The current guideline value of Raghava Nagar 3rd 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 increased significantly from Rs 200 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 2,100% over this period.

What is the median guideline value in Moovarasampattu?

The median guideline value in Moovarasampattu is Rs 3,300 per sq.ft, with Raghava Nagar 3rd Street's value being above this median.

What are the stamp duty and registration fees for properties in Raghava Nagar 3rd Street?

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.

Which office registers properties in Raghava Nagar 3rd Street?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, registers properties in Raghava Nagar 3rd Street.