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Guideline Value

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

₹7700/sq.ft.

The guideline value for Raghava Reddy Colony 1st 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 Street (an)

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Raghava Reddy Colony 1st Street (AN) guideline value

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

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

The guideline value for Raghava Reddy Colony 1st Street (AN) has seen significant changes over the years. In 2007, the value was Rs 1,860 per sq.ft, which increased to Rs 7,000 per sq.ft in 2012, reflecting a rise of 276%. However, this value decreased by 33% to Rs 4,690 per sq.ft in 2017. The value then rose sharply to Rs 7,000 per sq.ft in 2023, before reaching the current rate of Rs 7,700 per sq.ft in 2024, marking a 10% increase.

From 2017 to 2023, the increase was substantial at 49%. Overall, from 2007 to 2024, the guideline value has increased by 314%. The guideline value register has no 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 a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, making the current guideline value of Raghava Reddy Colony 1st Street (AN) above this median.

Stamp duty and registration fee for property in Raghava Reddy Colony 1st 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, making the total Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or 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 Street (AN)?

The Sub Registrar Office that covers Raghava Reddy Colony 1st 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 additional details.

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

When buying or selling property in Kodambakkam, the guideline value is a critical factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

The guideline value is essential for both buyers and sellers to understand, as it impacts the overall cost of the property transaction. It is advisable to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Raghava Reddy Colony 1st Street (AN) 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 significantly from Rs 1,860 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 314% over these years.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Raghava Reddy Colony 1st Street (AN) currently above this median at Rs 7,700 per sq.ft.

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

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

Which office handles registrations for Raghava Reddy Colony 1st Street (AN)?

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