Guideline Value for Keezh Ragunathapuram

Keezh Ragunathapuram guideline value

The current guideline value of Keezh Ragunathapuram is Rs 1,980 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Special Type - III.

How the guideline value of Keezh Ragunathapuram has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 shows a further increase to Rs 1,980 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Keezh Ragunathapuram is above this median.

• Kayithe Millath Nagar Pattu: Rs 1,980 per sq.ft (2024)
• Kirubanandha Variar Nagar: Rs 1,870 per sq.ft (2024)
• K.K.Nagar: Rs 1,980 per sq.ft (2024)
• K.K. Nagar Colony Road: Rs 1,980 per sq.ft (2024)
• K.K. Nagar Ist Cross Street to VIII Cross st.: Rs 1,980 per sq.ft (2024)
• Kollai Colony Road: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Keezh Ragunathapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Keezh Ragunathapuram?

The Keezh Ragunathapuram area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role during the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is officially recorded at a fair value.

When buying or selling property, the guideline value is essential for calculating applicable 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.

Frequently asked questions

What is the current guideline value of Keezh Ragunathapuram?

The current guideline value of Keezh Ragunathapuram 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 seen significant increases, from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Keezh Ragunathapuram?

Keezh Ragunathapuram is classified as Residential Special Type - III under the Kunrathur SRO.

Where can I find the registration office for Keezh Ragunathapuram?

The registration office for Keezh Ragunathapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Keezh Ragunathapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%.