Guideline Value for Raghavendra Nagar

Raghavendra Nagar guideline value

The current guideline value of Raghavendra Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Raghavendra Nagar has changed

Looking at the revisions over the years, the guideline value for Raghavendra Nagar has seen several changes. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision. However, this value dropped to Rs 603 per sq.ft in 2017, before returning to Rs 900 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the value remained unchanged from 2023 to 2024. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. Raghavendra Nagar's 2024 guideline value is above this median.

• Rainbow Nagar: Rs 200 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Poongani Amman Nagar: Rs 200 per sq.ft (2024)
• Santhi Nagar: Rs 300 per sq.ft (2024)
• Saraswathy Nagar: Rs 300 per sq.ft (2024)
• Selliyamman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Raghavendra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that 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 Raghavendra Nagar?

The Sub Registrar Office that covers Raghavendra Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mevaloorkuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the current market.

Frequently asked questions

What is the current guideline value of Raghavendra Nagar?

The current guideline value of Raghavendra Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and returned to Rs 900 per sq.ft in both 2023 and 2024.

What is the median guideline value in Mevaloorkuppam?

The median guideline value in Mevaloorkuppam is Rs 400 per sq.ft, with Raghavendra Nagar's 2024 value being above this median.

What are the stamp duty and registration fees for property in Raghavendra Nagar?

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000, and the registration fee would be Rs 18,000, totaling Rs 81,000.

Which office handles property registration for Raghavendra Nagar?

The Sriperumpudur Sub Registrar Office handles property registration for Raghavendra Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.