Guideline Value for Sri Raghavendra Nagar Extn

Sri Raghavendra Nagar Extn guideline value

The current guideline value for Sri Raghavendra Nagar Extn, located in Erandankattalai village, is Rs 1,100 per sq.ft. This value is effective from the 2024 revision, which is managed by the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Raghavendra Nagar Extn has changed

The guideline value for Sri Raghavendra Nagar Extn has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value for Sri Raghavendra Nagar Extn. Below are the guideline values for other streets in Erandankattalai:

• Sri Raghavendra Nagar: Rs 1,100 per sq.ft (2024)
• Sri Ram Avenue: Rs 1,100 per sq.ft (2024)
• Srinivasa Perumal Koil Street (ward 6): Rs 1,100 per sq.ft (2024)
• Srinivasa Perumal Koil Street (ward 5): Rs 1,100 per sq.ft (2024)
• Srinivasa Perumal Koil Street (ward 4): Rs 1,100 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Raghavendra Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Raghavendra Nagar Extn?

The Sri Raghavendra Nagar Extn is covered by the Pammal Sub Registrar Office. The address for this office is Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Erandankattalai. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial obligations during the transaction. This value is regularly updated to reflect the current market conditions and is an important factor in the property registration process.

Frequently asked questions

What is the current guideline value for Sri Raghavendra Nagar Extn?

The current guideline value for Sri Raghavendra Nagar Extn is Rs 1,100 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registration for Sri Raghavendra Nagar Extn?

The Pammal Sub Registrar Office handles property registration for Sri Raghavendra Nagar Extn, located on Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there any years without guideline values for this street?

Yes, there are no recorded guideline values for the years 2002, 2003, 2007, and 2012 for Sri Raghavendra Nagar Extn.