Guideline Value for Raghava Nagar 6th Cross Street

Raghava Nagar 6th Cross Street guideline value

The current guideline value of Raghava Nagar 6th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, and it falls under the Commercial Class I Type - II land classification.

How the guideline value of Raghava Nagar 6th Cross Street has changed

The guideline value for Raghava Nagar 6th Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 233% rise. However, in 2017, it decreased to Rs 2,680 per sq.ft, which was a 33% drop. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 267%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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 for these streets is Rs 3,300 per sq.ft, placing Raghava Nagar 6th Cross Street above this median.

• Raghava Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 8th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Raghava Nagar 6th Cross Street

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 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Raghava Nagar 6th Cross Street?

The Raghava Nagar 6th Cross Street falls under 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 when buying or selling property in Moovarasampattu. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When engaging in a property transaction, it is essential to be aware of the guideline value as it can influence both the buyer's and seller's expectations. The registration process requires adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Raghava Nagar 6th Cross Street?

The current guideline value of Raghava Nagar 6th Cross 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 changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 267% over the years.

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

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which office handles the registration for Raghava Nagar 6th Cross Street?

The registration for Raghava Nagar 6th Cross Street is handled by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Raghava Nagar 6th Cross Street?

Raghava Nagar 6th Cross Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.