Guideline Value for FELIXA RAGIO

Felixa Ragio guideline value

The current guideline value of Felixa Ragio is Rs 3,000 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village, under the Selaiyur SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Felixa Ragio has changed

The guideline value for Felixa Ragio has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,000 per sq.ft, an increase from Rs 2,800 per sq.ft in the 2023 revision, marking a change of +7%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline values for Felixa Ragio were not recorded in the register. The 2024 figure is significantly higher than the previous year's value, indicating a notable increase in the guideline value per sq.ft.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value for these streets is Rs 2,100 per sq.ft, placing Felixa Ragio's 2024 figure above this median.

• Elite City: Rs 2,350 per sq.ft (2024)
• Elite Acres: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar: Rs 3,300 per sq.ft (2024)
• Durgaiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Ganthi Nagar: Rs 1,900 per sq.ft (2024)
• Gengai Amman Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Felixa Ragio

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Felixa Ragio?

Felixa Ragio is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arasankalani. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is sold, the guideline value helps in assessing the minimum sale price for registration purposes. This ensures transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Felixa Ragio?

The current guideline value of Felixa Ragio is Rs 3,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,800 per sq.ft in 2023 to Rs 3,000 per sq.ft in 2024, reflecting a change of +7%.

What are the guideline values of other streets in Arasankalani?

Other streets in Arasankalani have varying guideline values, ranging from Rs 1,300 to Rs 4,750 per sq.ft, with the median being Rs 2,100 per sq.ft.

What fees are associated with buying property in Felixa Ragio?

When buying property in Felixa Ragio, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 2,70,000.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.