Guideline Value for Raghupathi Nagar 9th Street

Raghupathi Nagar 9th Street guideline value

The current guideline value of Raghupathi Nagar 9th 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 9th Street has changed

The guideline value for Raghupathi Nagar 9th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 750 per sq.ft. This figure saw a significant increase to Rs 3,000 per sq.ft in 2012, marking a rise of 300%. However, in 2017, the value dropped to Rs 2,010 per sq.ft, a decrease of 33%. The value then increased substantially to Rs 3,000 per sq.ft in 2023, followed by another increase to Rs 3,300 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no recorded figures for Raghupathi Nagar 9th Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 340%, reflecting the changes over the years.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO, with 2024 guideline values 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 9th Street's 2024 figure below that median.

• Raghupathi Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 5th 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 9th 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. Together, the total cost for stamp duty and registration would be 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Raghupathi Nagar 9th Street?

The Sub Registrar Office that covers Raghupathi Nagar 9th 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 crucial during the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Raghupathi Nagar 9th Street?

The current guideline value of Raghupathi Nagar 9th 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 are the other streets in Thalakanancherry with the same guideline value?

Other streets in Thalakanancherry, such as Raghupathi Nagar 8th, 7th, 6th, 5th, 4th, and 3rd Streets, also have a guideline value of Rs 3,300 per sq.ft in 2024.

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.

How is the stamp duty calculated for properties in Raghupathi Nagar 9th Street?

The stamp duty for properties in Raghupathi Nagar 9th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.