Guideline Value for Raghavendra Nagar

Raghavendra Nagar guideline value

The current guideline value of Raghavendra Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Vallam_B village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Raghavendra Nagar has changed

According to the guideline value register, the revisions for Raghavendra Nagar show that there has been no change in the guideline value from 2023 to 2024, remaining at Rs 400 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017, indicating that no revisions were recorded for this street in those years.

In the 2023 revision, the guideline value was also Rs 400 per sq.ft, indicating stability in the valuation for this period. The absence of figures in earlier years suggests that Raghavendra Nagar has maintained a consistent valuation in recent times.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which aligns with the guideline value of Raghavendra Nagar.

• Rayappar Street: Rs 200 per sq.ft (2024)
• Roja Nagar: Rs 400 per sq.ft (2024)
• Samayapurathamman Nagar: Rs 200 per sq.ft (2024)
• Sannathi Street: Rs 600 per sq.ft (2024)
• Santhaiyamman Koil Street: Rs 400 per sq.ft (2024)
• Santhiyamman Koil 2nd 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 guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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 Vallam_B

The guideline value is a crucial factor during the registration of property transactions in Vallam_B. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the government.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Raghavendra Nagar?

The current guideline value of Raghavendra Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 400 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Raghavendra Nagar?

Raghavendra Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

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

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

How is the stamp duty calculated for properties in Raghavendra Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at the rate of 7%.