Guideline Value for Raghupathi Nagar 4th Street

Raghupathi Nagar 4th Street guideline value

The current guideline value of Raghupathi Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of Raghupathi Nagar 4th Street has changed

The guideline value for Raghupathi Nagar 4th Street has seen several revisions over the years. Starting with the 2007 revision, the value was Rs 750 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 300% increase. However, in 2017, the value dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw a substantial rise to Rs 3,000 per sq.ft, and the most recent 2024 revision has set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for Raghupathi Nagar 4th Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Raghupathi Nagar 4th Street's 2024 guideline value below this median.

• Raghupathi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 1st 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 4th 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, bringing the total fees to Rs 2,97,000. It is important to note that the stamp 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 Raghupathi Nagar 4th Street?

The Sub Registrar Office that covers Raghupathi Nagar 4th 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

The guideline value plays a crucial role in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers must be aware that these charges are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Raghupathi Nagar 4th Street?

The current guideline value for Raghupathi Nagar 4th 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 from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What are the stamp duty and registration fees for property in Raghupathi Nagar 4th Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for this street?

The Alandur Sub Registrar Office handles registrations for Raghupathi Nagar 4th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Raghupathi Nagar 4th Street?

Raghupathi Nagar 4th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.