Guideline Value for Raghu Colony

Raghu Colony guideline value

The current guideline value of Raghu Colony, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Raghu Colony has changed

The guideline value for Raghu Colony has seen significant changes over the years. In 2003, the value was Rs 205 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a 193% rise. The value remained unchanged at Rs 3,000 per sq.ft from 2012 until 2023, after which it increased by 10% to reach the current value of Rs 3,300 per sq.ft in 2024.

Notably, there were no figures available for the years 2017 and 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1510%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which aligns with the guideline value of Raghu Colony.

• Raghupathy Street: Rs 3,520 per sq.ft (2024)
• Radhapuram Ammal Layout: Rs 3,300 per sq.ft (2024)
• Radha Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Radhabaiammal Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Radhabaiammal Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Radhabai Ammal (Layout): Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Raghu Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that 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 details.

Which Sub Registrar Office covers Raghu Colony?

The Raghu Colony area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable duties. Buyers should be aware that the duty is charged based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Raghu Colony?

The current guideline value of Raghu Colony is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 205 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 1510% over this period.

What is the land classification for Raghu Colony?

Raghu Colony is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Raghu Colony?

The Pallavaram Sub Registrar Office covers Raghu Colony and is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Raghu Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.