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 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as 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 undergone several revisions over the years. The earliest recorded value is from 2012, where it was Rs 600 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 402 per sq.ft, representing a drop of 33%. In 2023, the value increased significantly to Rs 600 per sq.ft, and the most recent revision in 2024 set the value at Rs 661 per sq.ft, marking a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for Raagavalu Naidu Street for the years 2002, 2003, and 2007.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Raagavalu Naidu Street's 2024 figure below this 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 661 per sq.ft (2024)
• Ragavendrar Koil Street Peramanur (Ward -15): Rs 661 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 guideline value of Rs 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total cost to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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 details.

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

When buying or selling property in Peramanoor, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the local authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall transaction costs. The guideline value must be considered to avoid any discrepancies during the registration of the property.

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 661 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 back to Rs 600 per sq.ft in 2023, and finally to Rs 661 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, indicating its suitability for residential purposes.

How does the guideline value compare to other streets in Peramanoor?

The guideline value of Rs 661 per sq.ft for Raagavalu Naidu Street is below the median value of Rs 1,100 per sq.ft for the 430 streets in Peramanoor under the Chengleput Joint II SRO.

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

The Sub Registrar Office for Raagavalu Naidu Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.