Guideline Value for Raghuram Garden

Raghuram Garden guideline value

The current guideline value of Raghuram Garden is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Raghuram Garden has changed

Over the years, the guideline value of Raghuram Garden has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 1,100 per sq.ft, which increased to Rs 1,200 per sq.ft in 2024, marking a change of +9%.

Prior to the 2023 revision, the guideline value for Raghuram Garden was not recorded in the register for the years mentioned. The increase from 2023 to 2024 reflects the most recent adjustment in the guideline values for this area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for the area is Rs 750 per sq.ft, placing Raghuram Garden's 2024 figure above this median.

• Railway Line (South) Nagar Ramar Koil St: Rs 840 per sq.ft (2024)
• Ragavendra Nagar Extn: Rs 750 per sq.ft (2024)
• Ragavendra Nagar: Rs 750 per sq.ft (2024)
• Priya Nagar: Rs 750 per sq.ft (2024)
• Prakash Nagar Phase-(I-III Part Including): Rs 1,400 per sq.ft (2024)
• Prakasam Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Raghuram Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total charges Rs 1,08,000. It is important to note that the 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 Raghuram Garden?

The Sub Registrar Office that covers Raghuram Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions reflect the official value set by the government.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Raghuram Garden?

The current guideline value of Raghuram Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 1,100 per sq.ft to Rs 1,200 per sq.ft, which is a change of +9%.

What is the land classification for Raghuram Garden?

Raghuram Garden is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Raghuram Garden?

The Avadi Sub Registrar Office handles registrations for Raghuram Garden, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.