Guideline Value for Raghupathi Nagar 2nd Street

Raghupathi Nagar 2nd Street guideline value

The current guideline value of Raghupathi Nagar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Raghupathi Nagar 2nd Street has changed

Over the years, the guideline value for Raghupathi Nagar 2nd Street has seen several revisions. The 2007 revision recorded a value of Rs 750 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure dropped to Rs 2,010 per sq.ft in 2017, before rising again to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft.

The changes between these revisions are notable. From 2007 to 2012, there was a substantial increase of 300%. However, the value decreased by 33% from 2012 to 2017. Following this, the value surged by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has risen by 340%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Raghupathi Nagar 2nd Street is below this median.

• Raghupathi Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Raghupathi Nagar 2nd Street

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, totaling Rs 2,97,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Raghupathi Nagar 2nd Street?

The Sub Registrar Office that covers Raghupathi Nagar 2nd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

When buying or selling property in Thalakanancherry, the guideline value plays a crucial role in the registration process. It serves as a basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the government.

Additionally, the guideline value helps maintain transparency in property transactions, providing a standardized reference for both buyers and sellers. This ensures that all parties are aware of the official valuation of the property being transacted.

Frequently asked questions

What is the current guideline value of Raghupathi Nagar 2nd Street?

The current guideline value of Raghupathi Nagar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent increase being from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024.

What are the guideline values for other streets in Thalakanancherry?

Other streets in Thalakanancherry have a guideline value of Rs 3,300 per sq.ft in 2024. This includes Raghupathi Nagar 1st, 3rd, 4th, 5th, 6th, and 7th Streets.

What is the registration fee for property in Raghupathi Nagar 2nd Street?

The registration fee for property in Raghupathi Nagar 2nd Street is calculated at 2% of the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.