Guideline Value for RAAGAVALU NAIDU STREET (WARD -17)

Raagavalu Naidu Street (Ward -17) guideline value

The current guideline value of Raagavalu Naidu Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Raagavalu Naidu Street (Ward -17) has changed

The guideline value for Raagavalu Naidu Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 600 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a net increase of 10% in the guideline value.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which means that Raagavalu Naidu Street's 2024 figure is below the median.

• Puthumaipithan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Puranaru Street (N): Rs 1,320 per sq.ft (2024)
• Ragavendra Nagar (N): Rs 660 per sq.ft (2024)
• Ragavendrar Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Pugazhendi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Rail Nagar 10nd Street (Ward -2): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Raagavalu Naidu Street (Ward -17)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, together totaling Rs 59,400. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Raagavalu Naidu Street (Ward -17)?

The Sub Registrar Office that covers Raagavalu Naidu Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential component in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess the transaction based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected based on the established values in the area.

Frequently asked questions

What is the current guideline value of Raagavalu Naidu Street (Ward -17)?

The current guideline value of Raagavalu Naidu Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Raagavalu Naidu Street?

Raagavalu Naidu Street is classified as Residential Class I Type - III. This classification is important for understanding the type of development permitted in the area.

What are the stamp duty and registration fees for property transactions?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft would incur a total fee of Rs 59,400.

Where can I find the Sub Registrar Office for Raagavalu Naidu Street?

The Chengleput Joint II Sub Registrar Office covers Raagavalu Naidu Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registrations for the area.