Guideline Value for Veera raghavan street

Veera raghavan street guideline value

The current guideline value of Veera raghavan street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Satthankadu village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Veera raghavan street has changed

The guideline value for Veera raghavan street has undergone several revisions since 2002. In 2002, the value was Rs 267 per sq.ft, which increased to Rs 309 per sq.ft in 2003. The following revision in 2007 saw a significant jump to Rs 800 per sq.ft. By 2012, the value rose to Rs 3,100 per sq.ft, but then decreased to Rs 2,077 per sq.ft in 2017. The value increased again to Rs 3,100 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 3,400 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 1,173%.

Between the revisions, the most notable changes include a 288% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The guideline value rose by 10% from 2023 to 2024. There are no figures available for other revisions for this street.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is equal to the current guideline value of Veera raghavan street.

• Vasantha Nagar: Rs 3,900 per sq.ft (2024)
• Varadharajan street: Rs 2,800 per sq.ft (2024)
• Vanniyar Street: Rs 2,800 per sq.ft (2024)
• Upparapalayam Streets: Rs 3,400 per sq.ft (2024)
• Udayasooriyan Street: Rs 3,400 per sq.ft (2024)
• Udayasooriyan Link Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Veera raghavan street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000. Together, the total cost for stamp duty and registration fee would be Rs 3,06,000. It is important to note that 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 Veera raghavan street?

The Sub Registrar Office that covers Veera raghavan street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Satthankadu. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded at a fair price according to government regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local laws.

Frequently asked questions

What is the current guideline value of Veera raghavan street?

The current guideline value of Veera raghavan street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 267 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, showing an overall increase of 1,173% over the years.

What is the land classification for Veera raghavan street?

Veera raghavan street is classified as Residential Special Type - III under the Thiruvottiyur SRO.

Where can I find the Sub Registrar Office for Veera raghavan street?

The Sub Registrar Office for Veera raghavan street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the stamp duty and registration fees for property in Veera raghavan street?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.