Guideline Value for Raghavendra Nagar

Raghavendra Nagar guideline value

The current guideline value of Raghavendra Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Raghavendra Nagar has changed

The guideline value for Raghavendra Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in 2023. The most recent revision in 2024 raised the value significantly to Rs 1,320 per sq.ft, marking a 47% increase from the previous year and an overall increase of 119% from 2017.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes between the revisions reflect a steady increase in the guideline value, with a 49% rise observed between 2017 and 2023.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Raghavendra Nagar's 2024 figure above this median.

• Rainbow Nagar: Rs 100 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Prasad Nagar: Rs 1,320 per sq.ft (2024)
• Poongani Amman Nagar: Rs 100 per sq.ft (2024)
• Peyaridapadatha Manaipirivu: Rs 1,320 per sq.ft (2024)
• Perumal Koil Street: Rs 400 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 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to 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?

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 details.

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

The guideline value is a crucial factor in property transactions in Mevaloorkuppam B, 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 stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Additionally, the guideline value helps maintain transparency in property transactions, providing a reference point for both buyers and sellers. It is essential for all parties involved to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Raghavendra Nagar?

The current guideline value of Raghavendra Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 119% from 2017 to 2024.

What is the land classification of Raghavendra Nagar?

Raghavendra Nagar is classified as Residential Special Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Raghavendra Nagar?

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

How are stamp duty and registration fees calculated in Raghavendra Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.