Guideline Value

Corporate

Guideline Value for Sri Raghavendra Enclave

₹1980/sq.ft.

The guideline value for Sri Raghavendra Enclave in Perungalathur village (Padappai SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Raghavendra Enclave

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Sri Raghavendra Enclave guideline value

The current guideline value of Sri Raghavendra Enclave is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Raghavendra Enclave has changed

The guideline value for Sri Raghavendra Enclave has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. This figure decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, rising to Rs 1,800 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, which is a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value for Sri Raghavendra Enclave is below this median.

Stamp duty and registration fee for property in Sri Raghavendra Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Raghavendra Enclave?

The Sri Raghavendra Enclave is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Perungalathur. It is used to calculate the stamp duty and registration fees that need to be paid when purchasing or selling property. This value is determined by the Registration Department and is essential for ensuring compliance with legal requirements.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Raghavendra Enclave?

The current guideline value of Sri Raghavendra Enclave is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Sri Raghavendra Enclave?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000. The stamp duty is Rs 1,38,600, and the registration fee is Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers this area?

The Padappai Sub Registrar Office covers Sri Raghavendra Enclave, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Sri Raghavendra Enclave?

Sri Raghavendra Enclave is classified as Residential Class III Type - I, indicating its suitability for residential development.