Guideline Value for Raghavendra Nagar Extn I to V

Raghavendra Nagar Extn I to V guideline value

The current guideline value for Raghavendra Nagar Extn I to V is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village and falls under the Padappai SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Raghavendra Nagar Extn I to V has changed

The guideline value for Raghavendra Nagar Extn I to V has seen several revisions over the years. In 2012, the guideline value was Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 700 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, marking a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pazhanthandalam

Pazhanthandalam village has 57 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Raghavendra Nagar Extn I to V is below this median.

• Ragavendira Nagar: Rs 1,100 per sq.ft (2024)
• Portia: Rs 1,100 per sq.ft (2024)
• Pooja Avenue: Rs 1,970 per sq.ft (2024)
• Ramamurthy Nagar - I: Rs 1,200 per sq.ft (2024)
• Ramamurthy Nagar - II: Rs 1,200 per sq.ft (2024)
• Rathi's Sri Sai City Phase-I: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Raghavendra Nagar Extn I to V

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. Please 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 Raghavendra Nagar Extn I to V?

The Sub Registrar Office that covers Raghavendra Nagar Extn I to V is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pazhanthandalam. It is used to determine the stamp duty and registration fees, which are essential costs associated with property transactions.

When a property is registered, the guideline value is considered to ensure that the correct fees are calculated based on the property's value. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Raghavendra Nagar Extn I to V?

The current guideline value for Raghavendra Nagar Extn I to V is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Raghavendra Nagar Extn I to V?

The land classification for Raghavendra Nagar Extn I to V is Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Raghavendra Nagar Extn I to V is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 at 7%.