Guideline Value

Corporate

Guideline Value for Raghava Reddy Colony 1st Link Street

₹7700/sq.ft.

The guideline value for Raghava Reddy Colony 1st Link Street 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 N/A
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 Link Street

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Raghava Reddy Colony 1st Link Street guideline value

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

How the guideline value of Raghava Reddy Colony 1st Link Street has changed

The guideline value for Raghava Reddy Colony 1st Link Street has undergone several revisions over the years. The 2012 revision set the value at Rs 7,000 per sq.ft, which then decreased to Rs 4,690 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 7,000 per sq.ft in 2023, and then to Rs 7,700 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodambakkam

Kodambakkam has a total of 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Raghava Reddy Colony 1st Link Street above this median.

Stamp duty and registration fee for property in Raghava Reddy Colony 1st Link Street

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 fees to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghava Reddy Colony 1st Link Street?

The Raghava Reddy Colony 1st Link Street is covered by 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 details.

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

The guideline value plays a crucial role in the registration of property transactions in Kodambakkam. When a property is sold or purchased, the guideline value is used as a basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions. This value helps in determining the cost of registration and the overall expenses involved in the buying or selling process.

Frequently asked questions

What is the current guideline value of Raghava Reddy Colony 1st Link Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017, then increased to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024.

What are the stamp duty rates for property in Raghava Reddy Colony 1st Link Street?

The stamp duty for property in Raghava Reddy Colony 1st Link Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for this street?

The Ashok Nagar Sub Registrar Office handles property registrations for Raghava Reddy Colony 1st Link Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Raghava Reddy Colony 1st Link Street?

The land classification for Raghava Reddy Colony 1st Link Street is Mixed Type - II, which indicates the type of development and usage permitted in the area.