Guideline Value for Raghavendra Street

Raghavendra Street guideline value

The current guideline value of Raghavendra Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Raghavendra Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 700 per sq.ft. The 2024 revision also set the guideline value at Rs 700 per sq.ft, indicating no change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Raghavendra Street.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same figures in the most recent revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the current value of Raghavendra Street.

• Rainbow: Rs 1,000 per sq.ft (2024)
• Priyanka Nagar: Rs 700 per sq.ft (2024)
• Priya nagar: Rs 700 per sq.ft (2024)
• Pootheri pandai: Rs 700 per sq.ft (2024)
• Pooja Park: Rs 1,800 per sq.ft (2024)
• Ramakrishnapuram: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Raghavendra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghavendra Street?

The Sub Registrar Office that covers Raghavendra Street 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 Sriperumbudur A

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It determines the minimum value at which the property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Raghavendra Street?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Raghavendra Street?

The land classification for Raghavendra Street is Residential Class III Type - I.

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

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

How is stamp duty calculated for properties in Raghavendra Street?

Stamp duty for properties in Raghavendra Street is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 7,00,000 would incur a stamp duty of Rs 49,000 at the rate of 7%.