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Guideline Value

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Guideline Value for Raghavan Colony W.M. (Opp. Adikesava perumal Koil)

₹6600/sq.ft.

The guideline value for Raghavan Colony W.m. (opp. Adikesava Perumal Koil) in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /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 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Raghavan Colony W.m. (opp. Adikesava Perumal Koil)

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Raghavan Colony W.M. (Opp. Adikesava perumal Koil) guideline value

The current guideline value for Raghavan Colony W.M. (Opp. Adikesava perumal Koil) is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Raghavan Colony W.M. (Opp. Adikesava perumal Koil) has changed

The guideline value for Raghavan Colony W.M. has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 6,000 per sq.ft. This figure remained until the latest revision in 2024, which increased the value to Rs 6,600 per sq.ft, marking a change of +10% from the 2012 revision.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only registered figures are from 2012 and 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, making the 2024 guideline value for Raghavan Colony W.M. above this median.

Stamp duty and registration fee for property in Raghavan Colony W.M. (Opp. Adikesava perumal Koil)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raghavan Colony W.M. (Opp. Adikesava perumal Koil)?

The Sub Registrar Office that covers Raghavan Colony W.M. 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 plays a crucial role in the registration process of property transactions in Kodambakkam. It is used to calculate the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buyers or sellers engage in a transaction, the guideline value ensures that the property is assessed at a consistent value, which is particularly important for taxation purposes. This value is crucial for both the buyer and seller to understand the financial implications of their real estate dealings.

Frequently asked questions

What is the current guideline value of Raghavan Colony W.M.?

The current guideline value of Raghavan Colony W.M. (Opp. Adikesava perumal Koil) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 6,000 per sq.ft in 2012 to Rs 6,600 per sq.ft in 2024, reflecting a change of +10%. There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft. The guideline value for Raghavan Colony W.M. is above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. This office handles registrations for properties in Raghavan Colony W.M.