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Guideline Value

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Guideline Value for Raghava Reddy Colony 4th Street (AN)

₹7700/sq.ft.

The guideline value for Raghava Reddy Colony 4th 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 4th Street (an)

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Raghava Reddy Colony 4th Street (AN) guideline value

The current guideline value for Raghava Reddy Colony 4th 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, with a land classification of Mixed Type - II.

How the guideline value of Raghava Reddy Colony 4th Street (AN) has changed

In the 2007 revision, the guideline value was set at Rs 1,860 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 7,000 per sq.ft, marking a change of 276%. The most recent revision in 2024 has further increased the guideline value to Rs 7,700 per sq.ft, reflecting a 10% rise from the 2012 figure. The register has no figures for the years 2002, 2003, 2017, and 2023.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 314%. This substantial rise indicates changing values in the area, with the current rate now significantly higher than previous revisions.

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, placing Raghava Reddy Colony 4th Street (AN) above this median.

Stamp duty and registration fee for property in Raghava Reddy Colony 4th 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 the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghava Reddy Colony 4th Street (AN)?

The Sub Registrar Office that covers Raghava Reddy Colony 4th 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 in property transactions in Kodambakkam, as it determines the minimum value at which properties can be registered. This value is set by the government and is revised periodically to reflect changes in the real estate market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than individual sale prices. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Raghava Reddy Colony 4th Street (AN)?

The current guideline value of Raghava Reddy Colony 4th 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, an overall increase of 314%.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Raghava Reddy Colony 4th Street (AN), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Kodambakkam?

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