Guideline Value

Corporate

Guideline Value for Raghava nagar 2nd Street

₹4400/sq.ft.

The guideline value for Raghava Nagar 2nd 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 2nd Street

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Raghava nagar 2nd Street guideline value

The current guideline value for Raghava nagar 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village and falls under the Alandur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Raghava nagar 2nd Street has changed

The guideline value for Raghava nagar 2nd Street has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This 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, reflecting a substantial increase of 218%. Following that, the value jumped to Rs 4,000 per sq.ft in 2012, which was a remarkable increase of 471%. However, it decreased to Rs 2,680 per sq.ft in 2017, showing a decline of 33%. The guideline value then rose to Rs 4,000 per sq.ft in 2023, and finally reached Rs 4,400 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. There are no figures available for the revisions in years other than those specified.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Raghava nagar 2nd Street's 2024 figure above that median.

Stamp duty and registration fee for property in Raghava nagar 2nd Street

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghava nagar 2nd Street?

The Sub Registrar Office that covers Raghava nagar 2nd Street is 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 details.

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

The guideline value is a critical factor during property transactions in Moovarasampattu. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on an official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property registration. Accurate knowledge of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Raghava nagar 2nd Street?

The current guideline value of Raghava nagar 2nd 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 other streets with the same guideline value in Moovarasampattu?

Other streets in Moovarasampattu with the same guideline value of Rs 4,400 per sq.ft include Raghava Nagar 2nd Main road, Raghava Nagar 3rd Main road, Raghava nagar 1st Street, Raghava Nagar 3rd Street, Raghava Nagar 1st Main road Extension, and Raghava Nagar 4th Street.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for property in Raghava nagar 2nd Street?

The stamp duty for property in Raghava nagar 2nd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 3,08,000.