Guideline Value for Raghavan Cross Street(Bhavani nagar)

Raghavan Cross Street(Bhavani nagar) guideline value

The current guideline value of Raghavan Cross Street(Bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO, classified as Residential Special Type - III.

How the guideline value of Raghavan Cross Street(Bhavani nagar) has changed

The guideline value for Raghavan Cross Street(Bhavani nagar) has seen several revisions over the years. The earliest recorded value is from 2007, set at Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 275%. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently, it has increased to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Raghavan Cross Street(Bhavani nagar) is above this median with its current guideline value of Rs 1,600 per sq.ft.

• Raghavan Salai(Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Rajalakshmi Street(Rajammal nagar): Rs 1,300 per sq.ft (2024)
• Rajammal Nagar: Rs 1,300 per sq.ft (2024)
• Prasanthi Avenue: Rs 1,700 per sq.ft (2024)
• Pound Street: Rs 880 per sq.ft (2024)
• Pound Cross Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Raghavan Cross Street(Bhavani nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, the total cost for these fees would be Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Raghavan Cross Street(Bhavani nagar)?

The Sub Registrar Office that covers Raghavan Cross Street(Bhavani nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Ayappakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark. If the sale price is higher than the guideline value, the stamp duty and registration fees will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Raghavan Cross Street(Bhavani nagar)?

The current guideline value of Raghavan Cross Street(Bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 300% over the years.

What is the stamp duty rate for properties in Raghavan Cross Street(Bhavani nagar)?

The stamp duty rate for properties in Raghavan Cross Street(Bhavani nagar) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Raghavan Cross Street(Bhavani nagar)?

The Sub Registrar Office for Raghavan Cross Street(Bhavani nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the other streets in Ayappakkam with their guideline values?

Other streets in Ayappakkam include Raghavan Salai(Bhavani nagar) at Rs 1,600 per sq.ft, Rajalakshmi Street(Rajammal nagar) at Rs 1,300 per sq.ft, Rajammal Nagar at Rs 1,300 per sq.ft, Prasanthi Avenue at Rs 1,700 per sq.ft, Pound Street at Rs 880 per sq.ft, and Pound Cross Street at Rs 880 per sq.ft.