Guideline Value for Sri Raghuraman Nagar

Sri Raghuraman Nagar guideline value

The current guideline value of Sri Raghuraman Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Sri Raghuraman Nagar has changed

Looking at the revisions over the years, the guideline value for Sri Raghuraman Nagar has seen various changes. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it again stood at Rs 600 per sq.ft. The 2017 revision had a lower value of Rs 402 per sq.ft, marking a decrease of 33% from the 2012 figure. Overall, from 2012 to 2024, there has been no change in the guideline value, maintaining at Rs 600 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The most recent revision in 2024 shows no change from the previous year, 2023, which also had a guideline value of Rs 600 per sq.ft.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft, with the median value being Rs 600 per sq.ft. Sri Raghuraman Nagar's 2024 figure aligns perfectly with this median.

• Sri Sai Green Homes: Rs 800 per sq.ft (2024)
• Sri Sai Muruga Garden: Rs 600 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Hayagrevar Nagar: Rs 800 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Perumal Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Raghuraman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, calculated at 7%, would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Raghuraman Nagar?

The Sub Registrar Office that covers Sri Raghuraman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit this link.

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

The guideline value plays a crucial role in the registration process of property transactions in Arambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When you buy or sell property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is fairly assessed in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Sri Raghuraman Nagar?

The current guideline value of Sri Raghuraman Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 in 2023.

What are the other streets in Arambakkam with their guideline values?

Other streets in Arambakkam include Sri Sai Green Homes at Rs 800 per sq.ft, Sri Sai Muruga Garden, Sri Lakshmi Nagar, Sri Kumaran Nagar, and Sri Srinivasa Perumal Nagar, all at Rs 600 per sq.ft, and Sri Lakshmi Hayagrevar Nagar at Rs 800 per sq.ft.

What are the stamp duty and registration fees for property in Sri Raghuraman Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,00,000. The stamp duty at 7% is Rs 42,000, and the registration fee at 2% is Rs 12,000, totaling Rs 54,000.

Which Sub Registrar Office covers Sri Raghuraman Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Raghuraman Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.