Guideline Value for Raghava Nagar 6th Street

Raghava Nagar 6th Street guideline value

The current guideline value of Raghava Nagar 6th 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 is classified as Commercial Class I Type - II.

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

The guideline value for Raghava Nagar 6th Street has undergone several revisions since 2002. In 2002, the guideline 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 jump to Rs 700 per sq.ft in 2007, representing a 218% increase. Following this, the value rose dramatically to Rs 4,000 per sq.ft in 2012, a 471% increase from the previous revision. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a 33% decline. The value then increased to Rs 4,000 per sq.ft in 2023, and further to Rs 4,400 per sq.ft in 2024, marking a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. The revisions from 2017 to 2023 saw a 49% rise, while the changes from 2012 to 2017 showed a decrease. The register has no figure for the years not mentioned in this summary.

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. Raghava Nagar 6th Street's 2024 figure of Rs 4,400 per sq.ft is above this median.

• Raghava Nagar 6th Cross Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Raghava Nagar 9th Street: Rs 4,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghava Nagar 6th Street?

The Sub Registrar Office that covers Raghava Nagar 6th 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 additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Moovarasampattu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Raghava Nagar 6th 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 significantly, from Rs 200 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 2100% over the years.

What is the land classification of Raghava Nagar 6th Street?

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

What are the stamp duty and registration fees for properties here?

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 handles registrations for Raghava Nagar 6th Street?

The Alandur Sub Registrar Office is responsible for handling registrations for Raghava Nagar 6th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.