Guideline Value for SREE RAGHAVENDRA NAGAR

Sree Raghavendra Nagar guideline value

The current guideline value of Sree Raghavendra Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this street is Commercial Special Type - I.

How the guideline value of Sree Raghavendra Nagar has changed

Over the years, the guideline value for Sree Raghavendra Nagar has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 3,500 per sq.ft, while the latest 2024 revision increased it to Rs 3,800 per sq.ft, marking a change of +9%.

The 2024 revision reflects a significant increase from the previous year's value. The 2023 figure of Rs 3,500 per sq.ft was the last recorded before the current value, which is now above the median for other streets in Kodungaiyur.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of the 2024 revision. The median value for these streets is Rs 2,700 per sq.ft, placing Sree Raghavendra Nagar above this median.

• Solai Vazhi Amman Street (Narayanasamy Thottam): Rs 2,700 per sq.ft (2024)
• Solaiamman Koil Street (T.H. Road): Rs 2,700 per sq.ft (2024)
• Solai Amman Koil Street (Koyyathoppu): Rs 2,200 per sq.ft (2024)
• Solaiamman Koil 4th Street: Rs 2,700 per sq.ft (2024)
• Solaiamman Koil 3rd Street: Rs 2,700 per sq.ft (2024)
• Solaiamman Koil 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Raghavendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. 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 more detailed calculations.

Which Sub Registrar Office covers Sree Raghavendra Nagar?

The Sub Registrar Office covering Sree Raghavendra Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering a property in Kodungaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value is used to determine the official value of the property, which affects the overall transaction costs. Buyers and sellers should be aware of these values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sree Raghavendra Nagar?

The current guideline value of Sree Raghavendra Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, marking a +9% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sree Raghavendra Nagar?

The land classification for Sree Raghavendra Nagar is Commercial Special Type - I, indicating the nature of the properties in this area.

What are the registration fees for property in Sree Raghavendra Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For example, for a property valued at Rs 38,00,000, the total fees would amount to Rs 3,42,000.

Where can I find the Sub Registrar Office for Sree Raghavendra Nagar?

The Sub Registrar Office for Sree Raghavendra Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details by following the provided link.