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Guideline Value

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Guideline Value for Raghava Reddy Colony 1st Cross Street (AN)

₹7700/sq.ft.

The guideline value for Raghava Reddy Colony 1st Cross Street (an) in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1860 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Reddy Colony 1st Cross Street (an)

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Raghava Reddy Colony 1st Cross Street (AN) guideline value

The current guideline value of Raghava Reddy Colony 1st Cross Street (AN) is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Raghava Reddy Colony 1st Cross Street (AN) has changed

The guideline value for Raghava Reddy Colony 1st Cross Street (AN) has seen several revisions over the years. The 2007 revision set the value at Rs 1,860 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012, marking a 276% increase. However, from 2012 to 2017, the value decreased to Rs 4,690 per sq.ft, a drop of 33%. The value then rose sharply to Rs 7,000 per sq.ft in 2023, and further increased to Rs 7,700 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 314%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the 2024 figure for Raghava Reddy Colony 1st Cross Street (AN) above the median.

Stamp duty and registration fee for property in Raghava Reddy Colony 1st Cross Street (AN)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raghava Reddy Colony 1st Cross Street (AN)?

The Sub Registrar Office that covers Raghava Reddy Colony 1st Cross Street (AN) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions.

When buying or selling a property, the guideline value ensures that the transaction is recorded accurately in the official registers. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the associated fees.

Frequently asked questions

What is the current guideline value of Raghava Reddy Colony 1st Cross Street (AN)?

The current guideline value of Raghava Reddy Colony 1st Cross Street (AN) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,860 per sq.ft to Rs 7,700 per sq.ft in 2024, representing an overall increase of 314%.

What is the land classification for Raghava Reddy Colony 1st Cross Street (AN)?

The land classification for Raghava Reddy Colony 1st Cross Street (AN) is Mixed Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Raghava Reddy Colony 1st Cross Street (AN) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 at a rate of 7%.