Guideline Value for Raghavan Salai(Bhavani nagar)

Raghavan Salai(Bhavani nagar) guideline value

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

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

The guideline value for Raghavan Salai(Bhavani nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,600 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. From 2007 to 2012, the guideline value increased by 275%. However, it saw a decrease of 33% from 2012 to 2017. The value then jumped by 49% from 2017 to 2023, and increased by 7% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has risen by 300%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,300 per sq.ft, making Raghavan Salai(Bhavani nagar) above this median.

• Raghavan Cross Street(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 Salai(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 amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 more details.

Which Sub Registrar Office covers Raghavan Salai(Bhavani nagar)?

The Sub Registrar Office that covers Raghavan Salai(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 additional information.

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

The guideline value is a crucial factor in property transactions in Ayappakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value when negotiating property prices. The final sale price may exceed the guideline value, but the stamp duty and registration fees will always be based on the higher of the two values.

Frequently asked questions

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

The current guideline value of Raghavan Salai(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, reflecting an overall increase of 300% over the years.

What is the land classification for Raghavan Salai(Bhavani nagar)?

Raghavan Salai(Bhavani nagar) is classified as Residential Special Type - III, which influences its guideline value and usage.

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

The Sub Registrar Office for Raghavan Salai(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.

How is stamp duty calculated for properties in Raghavan Salai(Bhavani nagar)?

Stamp duty for properties in Raghavan Salai(Bhavani nagar) is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty would be calculated at 7% of that amount.