Guideline Value for Raghupathi Nagar 6th Street

Raghupathi Nagar 6th Street guideline value

The current guideline value of Raghupathi Nagar 6th 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 6th Street has changed

The guideline value of Raghupathi Nagar 6th Street has undergone several revisions over the years. In 2007, the guideline value was set at Rs 750 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, followed by another rise to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Thalakanancherry

In Thalakanancherry village, 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. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Raghupathi Nagar 6th Street's 2024 figure below this median.

• Raghupathi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 9th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Raghupathi Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be 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 cost for these fees to 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 further assistance.

Which Sub Registrar Office covers Raghupathi Nagar 6th Street?

The Sub Registrar Office that covers Raghupathi Nagar 6th 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 is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Raghupathi Nagar 6th Street?

The current guideline value of Raghupathi Nagar 6th 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 increased from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 340% over the years.

What are the stamp duty and registration fees for property in Raghupathi Nagar 6th Street?

For a 1,000 sq.ft plot at the current rate, the total guideline value is 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 6th Street?

The Alandur Sub Registrar Office covers Raghupathi Nagar 6th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Raghupathi Nagar 6th Street?

Raghupathi Nagar 6th Street is classified as Residential Class II Type - I, which is important for understanding its usage and potential development.