Guideline Value

Corporate

Guideline Value for Raghava Nagar 7th Street

₹4400/sq.ft.

The guideline value for Raghava Nagar 7th Street 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 7th Street

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Raghava Nagar 7th Street guideline value

The current guideline value of Raghava Nagar 7th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street 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 7th Street has changed

The guideline value for Raghava Nagar 7th Street has undergone several revisions over the years. In 2002, the value was Rs 200 per sq.ft. This increased to Rs 220 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 700 per sq.ft in 2007, an increase of 218%. Following that, in 2012, it was revised to Rs 4,000 per sq.ft, which represented a decrease of 33%. The value then changed to Rs 2,680 per sq.ft in 2017, reflecting a 49% increase from the previous revision. The most recent revision in 2023 set the value at Rs 4,000 per sq.ft, and the current guideline value is Rs 4,400 per sq.ft, which indicates a 10% increase from 2023 to 2024.

There are no figures available in the register for the years prior to 2002 or for any other years not mentioned. The overall increase from 2002 to 2024 is 2100%.

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 7th Street's 2024 guideline value of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Raghava Nagar 7th 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 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 assistance.

Which Sub Registrar Office covers Raghava Nagar 7th Street?

The Sub Registrar Office that covers Raghava Nagar 7th Street 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 plays a crucial role in the registration process when buying or selling property in Moovarasampattu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, reflecting the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Raghava Nagar 7th Street?

The current guideline value of Raghava Nagar 7th 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 200 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 2100% over this period.

What is the land classification for Raghava Nagar 7th Street?

The land classification for Raghava Nagar 7th Street is Commercial Class I Type - II.

Where can I find the registration office for Raghava Nagar 7th Street?

The registration office for Raghava Nagar 7th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Raghava Nagar 7th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.