Guideline Value for Sir C.V. Raman Street, Chennai 82

Sir C.V. Raman Street, Chennai 82 guideline value

The current guideline value of Sir C.V. Raman Street, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sir C.V. Raman Street, Chennai 82 has changed

The guideline value for Sir C.V. Raman Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 317%. However, in 2017, the value decreased to Rs 3,350 per sq.ft, a reduction of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, followed by a further increase to Rs 5,500 per sq.ft in 2024, which is a rise of 10% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 358%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, and Sir C.V. Raman Street's 2024 figure of Rs 5,500 per sq.ft is above this median.

• Sivaji Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Sivalinga Achari Street: Rs 4,900 per sq.ft (2024)
• Solai 1st Street: Rs 4,900 per sq.ft (2024)
• Solai 2nd Street: Rs 4,900 per sq.ft (2024)
• Solai 3rd Street: Rs 4,900 per sq.ft (2024)
• Solai 4th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sir C.V. Raman Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sir C.V. Raman Street, Chennai 82?

The Sub Registrar Office that covers Sir C.V. Raman Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

Frequently asked questions

What is the current guideline value of Sir C.V. Raman Street, Chennai 82?

The current guideline value of Sir C.V. Raman Street, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 358% over the years.

What is the median guideline value of streets in Ayanavaram?

The median guideline value of streets in Ayanavaram is Rs 4,900 per sq.ft, with Sir C.V. Raman Street's value being above this median at Rs 5,500 per sq.ft.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Sir C.V. Raman Street located?

The Sub Registrar Office for Sir C.V. Raman Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.