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Guideline Value

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Guideline Value for Raghava Reddy Colony 2nd Street (AN)

₹7700/sq.ft.

The guideline value for Raghava Reddy Colony 2nd 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 ₹2910 /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 2nd Street (an)

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Raghava Reddy Colony 2nd Street (AN) guideline value

The current guideline value of Raghava Reddy Colony 2nd 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 2nd Street (AN) has changed

The guideline value for Raghava Reddy Colony 2nd Street (AN) has seen several revisions over the years. In 2007, the value was Rs 2,910 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, it then dropped to Rs 4,690 per sq.ft in 2017. The value rose to Rs 7,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 7,700 per sq.ft.

Between these revisions, there have been notable changes. From 2007 to 2012, the value increased by 141%. However, from 2012 to 2017, it decreased by 33%. The value then rose by 49% from 2017 to 2023, and the most recent increase from 2023 to 2024 is 10%. Overall, the guideline value has increased by 165% from 2007 to 2024.

Guideline values in Kodambakkam

Within Kodambakkam village, there are 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 guideline value for these streets is Rs 4,900 per sq.ft, making the 2024 figure for Raghava Reddy Colony 2nd Street (AN) above that median.

Stamp duty and registration fee for property in Raghava Reddy Colony 2nd 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 amounts to Rs 77,00,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Raghava Reddy Colony 2nd Street (AN)?

The Sub Registrar Office that covers Raghava Reddy Colony 2nd 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

When buying or selling property in Kodambakkam, the guideline value is a crucial factor as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Raghava Reddy Colony 2nd Street (AN)?

The current guideline value of Raghava Reddy Colony 2nd 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 multiple times, starting from Rs 2,910 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 165% over the years.

What is the registration office for Raghava Reddy Colony 2nd Street (AN)?

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

What are the stamp duty rates applicable in this area?

The stamp duty rate applicable in this area is 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.

What other streets in Kodambakkam have the same guideline value?

Other streets in Kodambakkam with the same guideline value of Rs 7,700 per sq.ft include Raghava Reddy Colony 2nd Link Street (AN), Raghava Reddy Colony 3rd Street (AN), Raghava Reddy Colony 2nd Cross Street, Raghava Reddy Colony 4th Street (AN), Raghava Reddy Colony 2nd Cross St (AN), and Raghava Reddy Colony East Street (AN).