Guideline Value for Raghulamman Koil Cross Street

Raghulamman Koil Cross Street guideline value

The current guideline value of Raghulamman Koil Cross Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Raghulamman Koil Cross Street has changed

The guideline value for Raghulamman Koil Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in 2017. The subsequent 2023 revision increased the value to Rs 750 per sq.ft, and the latest revision in 2024 has raised it further to Rs 830 per sq.ft.

Looking at the changes, from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which aligns with the current value for Raghulamman Koil Cross Street.

• Raghulamman Koil Street: Rs 830 per sq.ft (2024)
• Ragulan Street: Rs 830 per sq.ft (2024)
• Rajaji Street: Rs 830 per sq.ft (2024)
• Rajaram Street: Rs 830 per sq.ft (2024)
• Prime Avenue Extension: Rs 3,300 per sq.ft (2024)
• Prime Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Raghulamman Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total fees to Rs 74,700. It is important to 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 Raghulamman Koil Cross Street?

The Sub Registrar Office that covers Raghulamman Koil Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Agaramthen. 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 a property is sold, the guideline value helps in assessing the transaction value, especially if the sale price is lower than the guideline value. In such cases, the stamp duty is calculated based on the higher value, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Raghulamman Koil Cross Street?

The current guideline value of Raghulamman Koil Cross Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Raghulamman Koil Cross Street?

The land classification for Raghulamman Koil Cross Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Raghulamman Koil Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Agaramthen?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 8,30,000, the stamp duty at 7% would be Rs 58,100.