Guideline Value for Raghavendra Street(senthil nagar)

Raghavendra Street(senthil nagar) guideline value

The current guideline value of Raghavendra Street(senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Raghavendra Street(senthil nagar) has changed

The guideline value for Raghavendra Street(senthil nagar) has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This was followed by a significant increase to Rs 2,500 per sq.ft in 2012, but it then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,700 per sq.ft.

Between these revisions, the changes were notable. From 2007 to 2012, there was an increase of 317%, but this was followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and from 2023 to 2024, it rose by 8%. Overall, from 2007 to 2024, the guideline value has increased by 350%. The register has no figure for Raghavendra Street(senthil nagar) in 2002 and 2003.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Raghavendra Street(senthil nagar) is above this median with its current value of Rs 2,700 per sq.ft.

• Ragavendra st srinagar colony: Rs 2,700 per sq.ft (2024)
• Rajaji Cross Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Rajaji Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Rajamani Nagar: Rs 990 per sq.ft (2024)
• Rajamani Street: Rs 990 per sq.ft (2024)
• Purananooru Street(sakthi nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Raghavendra Street(senthil nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Please note that 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 Raghavendra Street(senthil nagar)?

The Sub Registrar Office that covers Raghavendra Street(senthil 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 more information.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. This value helps in calculating the stamp duty and registration fees that are applicable during the sale or purchase of property.

When you buy or sell property in this area, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the value of the property as determined by the local authorities. This process helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Raghavendra Street(senthil nagar)?

The current guideline value of Raghavendra Street(senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What is the land classification for Raghavendra Street(senthil nagar)?

Raghavendra Street(senthil nagar) is classified as Residential Special Type - II under the land classification system.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where is the Sub Registrar Office for Raghavendra Street(senthil nagar)?

The Sub Registrar Office for Raghavendra Street(senthil nagar) is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.