Guideline Value

Corporate

Guideline Value for Raghava nagar 1st Street

₹4400/sq.ft.

The guideline value for Raghava Nagar 1st Street in Moovarasampattu village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moovarasampattu

Village

Alandur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹220 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹200 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Nagar 1st Street

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Raghava nagar 1st Street guideline value

The current guideline value of Raghava nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, classified as Commercial Class I Type - II.

How the guideline value of Raghava nagar 1st Street has changed

The guideline value for Raghava nagar 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This figure increased to Rs 220 per sq.ft in 2003, marking a 10% rise. The value then surged to Rs 700 per sq.ft in 2007, representing a substantial increase of 218%. Following that, the guideline value jumped to Rs 4,000 per sq.ft in 2012, a remarkable increase of 471%. However, from 2012 to 2017, it decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The value climbed again to Rs 4,000 per sq.ft in 2023, and most recently, it has risen to Rs 4,400 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. The register has no figures for the years not mentioned in this summary.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Raghava nagar 1st Street is above this median.

Stamp duty and registration fee for property in Raghava nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Raghava nagar 1st Street?

The Raghava nagar 1st Street falls under the jurisdiction of the Alandur Sub Registrar Office located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is essential during property transactions in Moovarasampattu, as it serves as a benchmark for determining the registration charges. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Raghava nagar 1st Street?

The current guideline value of Raghava nagar 1st Street is Rs 4,400 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 200 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 2100% over this period.

What are the stamp duty and registration fees for property in Raghava nagar 1st Street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value would be Rs 44,00,000. The stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Raghava nagar 1st Street?

The Alandur Sub Registrar Office handles registrations for Raghava nagar 1st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Raghava nagar 1st Street?

Raghava nagar 1st Street is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.