Guideline Value for Raghulamman Koil Street

Raghulamman Koil Street guideline value

The current guideline value of Raghulamman Koil 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 Street has changed

The guideline value for Raghulamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, but this dropped to Rs 502 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 750 per sq.ft, and the most recent 2024 revision has raised it further to Rs 830 per sq.ft, marking an increase of 11% from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register does not have 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 that carry a guideline value for 2024, ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, which is equal to the current value of Raghulamman Koil Street.

• Raghulamman Koil Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Raghulamman Koil Street?

The Sub Registrar Office that covers Raghulamman Koil 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 when buying or selling property in Agaramthen. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Raghulamman Koil Street?

The current guideline value of Raghulamman Koil 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 increased to Rs 750 per sq.ft in 2023, and is now Rs 830 per sq.ft in 2024.

What is the stamp duty rate for properties in Raghulamman Koil Street?

The stamp duty rate for properties in Raghulamman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Raghulamman Koil Street?

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

What is the land classification for Raghulamman Koil Street?

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