Guideline Value

Corporate

Guideline Value for Sri Raghavendra Nagar

₹1980/sq.ft.

The guideline value for Sri Raghavendra Nagar 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 ₹250 /sq.ft.
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 Nagar

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Sri Raghavendra Nagar guideline value

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

How the guideline value of Sri Raghavendra Nagar has changed

The guideline value for Sri Raghavendra Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, it faced a decrease to Rs 1,206 per sq.ft in 2017. The value then rose to Rs 1,800 per sq.ft in 2023, before reaching the current value of Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 692%. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Perungalathur

In Perungalathur, a total of 411 streets 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. Sri Raghavendra Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Sri Raghavendra Nagar

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Raghavendra Nagar?

Sri Raghavendra Nagar falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during property registration in Perungalathur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value ensures that the transaction is recorded accurately and that appropriate taxes are collected by the government.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Sri Raghavendra Nagar?

The current guideline value of Sri Raghavendra Nagar 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 significantly from Rs 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking a total increase of 692% over the period.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office handles registrations for Sri Raghavendra Nagar?

The Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone, handles registrations for Sri Raghavendra Nagar.

Where can I find more information about guideline values in Perungalathur?

You can find more information about guideline values in Perungalathur by checking the registration department's guideline value register or visiting the local Sub Registrar Office.