Guideline Value for Raghupathi Nagar 7th Street

Raghupathi Nagar 7th Street guideline value

The current guideline value of Raghupathi Nagar 7th 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 7th Street has changed

Over the years, the guideline value of Raghupathi Nagar 7th Street has seen several revisions. The 2007 revision set the value at Rs 750 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, marking a -33% change. The value then rose sharply to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

In summary, the guideline value has increased from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, an overall increase of 340%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets that have a guideline value for 2024, 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 of Raghupathi Nagar 7th Street is below this median.

• Raghupathi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 9th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Raghupathi Nagar 7th 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 amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raghupathi Nagar 7th Street?

The Sub Registrar Office that covers Raghupathi Nagar 7th 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 must be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is in line with the guideline value, as the stamp duty is calculated based on the higher of the two. This ensures that both the buyer and seller are aware of the legal and financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Raghupathi Nagar 7th Street?

The current guideline value of Raghupathi Nagar 7th 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 the years.

What is the land classification for Raghupathi Nagar 7th Street?

Raghupathi Nagar 7th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Alandur Sub Registrar Office?

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

How is stamp duty calculated for properties in Thalakanancherry?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.