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 Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

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

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged in the 2017 revision, which instead saw a decrease to Rs 402 per sq.ft. The value increased to Rs 600 per sq.ft in the 2023 revision, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets listed under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 990 per sq.ft, placing Raagavalu Naidu Street's 2024 figure below that 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 661 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, bringing the total to Rs 59,400. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

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 Panangottur

The guideline value is an important factor during the registration of property transactions in Panangottur. It is used to determine the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value or the sale price, whichever is higher, is considered for calculating the duties and fees. This ensures that the transaction is recorded accurately and reflects the value of the property as per government regulations.

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 seen several changes: it was Rs 600 per sq.ft in 2012, decreased to Rs 402 per sq.ft in 2017, increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Raagavalu Naidu Street?

Raagavalu Naidu Street is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

What are the other streets in Panangottur with their guideline values?

Other streets in Panangottur have varying guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. Some notable examples include Puthumaipithan Salai at Rs 1,760 per sq.ft and Ragavendra Nagar at Rs 660 per sq.ft.

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

The Chengleput Joint II Sub Registrar Office, which covers Raagavalu Naidu Street, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.