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Guideline Value

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Guideline Value for Raghava Reddy Colony 3rd Street (AN)

₹7700/sq.ft.

The guideline value for Raghava Reddy Colony 3rd Street (an) in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 3rd Street (an)

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Raghava Reddy Colony 3rd Street (AN) guideline value

The current guideline value of Raghava Reddy Colony 3rd 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, and it falls under the Mixed Type - II land classification.

How the guideline value of Raghava Reddy Colony 3rd Street (AN) has changed

The guideline value for Raghava Reddy Colony 3rd Street (AN) has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 1,860 per sq.ft. This figure saw a significant increase to Rs 7,000 per sq.ft in the 2012 revision, marking a change of +276%. The most recent revision in 2024 set the guideline value at Rs 7,700 per sq.ft, which is a +10% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +314%. It is important to note that the register has no figures for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Kodambakkam

In Kodambakkam, 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 in this area is Rs 4,900 per sq.ft, making the 2024 figure for Raghava Reddy Colony 3rd Street (AN) above the median.

Stamp duty and registration fee for property in Raghava Reddy Colony 3rd 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 fees together to Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Raghava Reddy Colony 3rd Street (AN)?

The Sub Registrar Office that covers Raghava Reddy Colony 3rd Street (AN) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is registered at a value that reflects the current market conditions as per the official register. This process is essential for maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Raghava Reddy Colony 3rd Street (AN)?

The current guideline value for Raghava Reddy Colony 3rd Street (AN) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 1,860 per sq.ft to Rs 7,700 per sq.ft in 2024, which is a total increase of +314%.

What are the other streets in Kodambakkam with the same guideline value?

Other streets in Kodambakkam under the Ashok Nagar SRO with the same guideline value of Rs 7,700 per sq.ft include Raghava Reddy Colony 2nd Street, Raghava Reddy Colony 4th Street, Raghava Reddy Colony 2nd Link Street, Raghava Reddy Colony East Street, Raghava Reddy Colony 2nd Cross Street, and Raghava Reddy Colony West Street.

What is the registration office for Raghava Reddy Colony 3rd Street (AN)?

The registration office for Raghava Reddy Colony 3rd Street (AN) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty for properties in Kodambakkam is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.