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Guideline Value

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Guideline Value for Raghava Reddy Colony West Street (AN)

₹7700/sq.ft.

The guideline value for Raghava Reddy Colony West 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 West Street (an)

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Raghava Reddy Colony West Street (AN) guideline value

The current guideline value for Raghava Reddy Colony West 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 is classified as Mixed Type - II land.

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

The guideline value for Raghava Reddy Colony West Street (AN) has seen significant changes over the years. In the 2007 revision, the value was Rs 1,860 per sq.ft, which increased dramatically to Rs 7,000 per sq.ft in the 2012 revision, marking a change of +276%. The most recent revision in 2024 has set the value at Rs 7,700 per sq.ft, reflecting an increase of +10% 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 revisions in 2023, 2017, 2003, and 2002 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, with a median value of Rs 4,900 per sq.ft. Raghava Reddy Colony West Street (AN) is positioned above this median with its current guideline value.

Stamp duty and registration fee for property in Raghava Reddy Colony West 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 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 calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Raghava Reddy Colony West 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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a baseline for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value for Raghava Reddy Colony West 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, reflecting an overall increase of +314% over the years.

Which Sub Registrar Office covers this area?

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

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000. Duty is charged on the higher of the guideline value and the sale price.

Where can I find more information about guideline values in Kodambakkam?

You can find more information about guideline values in Kodambakkam by checking the register of the Registration Department or visiting the respective links for other streets in the area.