Guideline Value for GURU RAGAVENDRA NAGAR

Guru Ragavendra Nagar guideline value

The current guideline value of Guru Ragavendra Nagar is Rs 3,284 per sq.ft as per the 2023 revision. This area falls under Polacheri village and is registered with the Gooduvancheri SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Guru Ragavendra Nagar has changed

In the 2017 revision, the guideline value was set at Rs 2,200 per sq.ft. This marked a significant increase of 49% to the current value of Rs 3,284 per sq.ft in the 2023 revision. The register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024, indicating that these years did not have a recorded guideline value for this street.

The change from 2017 to 2023 reflects a notable adjustment in the guideline value, aligning with the current market conditions. The increase from Rs 2,200 to Rs 3,284 per sq.ft underscores the evolving valuation of properties in this locality.

Guideline values in Polacheri

Currently, there are no specific village figures provided for Polacheri. Guru Ragavendra Nagar is the only street mentioned in the context of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Guru Ragavendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,284 per sq.ft, the total guideline value amounts to Rs 32,84,000. The stamp duty at 7% would be Rs 2,29,880 and the registration fee at 2% would be Rs 65,680, resulting in a total of Rs 2,95,560. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Guru Ragavendra Nagar?

The Guru Ragavendra Nagar area is covered by 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 find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Polacheri. It is the benchmark used by the government to determine the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the applicable stamp duty and registration fee based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Guru Ragavendra Nagar?

The current guideline value of Guru Ragavendra Nagar is Rs 3,284 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in the 2017 revision to Rs 3,284 per sq.ft in the 2023 revision, reflecting an increase of 49%.

Are there any guideline values for earlier revisions?

The register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for Guru Ragavendra Nagar.

What is the stamp duty rate applicable in Guru Ragavendra Nagar?

The stamp duty rate applicable in Guru Ragavendra Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Guru Ragavendra Nagar?

The Sub Registrar Office covering Guru Ragavendra Nagar is the Gooduvancheri SRO, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.