Guideline Value for Raghupathi Nagar 5th Street

Raghupathi Nagar 5th Street guideline value

The current guideline value of Raghupathi Nagar 5th 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 5th Street has changed

The guideline value for Raghupathi Nagar 5th Street has undergone several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The most recent figures show a significant increase, with the value rising to Rs 3,000 per sq.ft in 2023 and further to Rs 3,300 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 300%. However, it saw a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, there has been an increase of 340% in the guideline value.

Guideline values in Thalakanancherry

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

• Raghupathi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 8th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Raghupathi Nagar 5th 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 to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghupathi Nagar 5th Street?

The Sub Registrar Office that covers Raghupathi Nagar 5th 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It determines the stamp duty and registration fees that need to be paid, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Raghupathi Nagar 5th Street?

The current guideline value of Raghupathi Nagar 5th 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 properties in this area?

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 covers Raghupathi Nagar 5th Street?

The Alandur Sub Registrar Office covers Raghupathi Nagar 5th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Raghupathi Nagar 5th Street?

Raghupathi Nagar 5th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.