Guideline Value for RAAGAVALU NAIDU STREET (WARD -17)

Raagavalu Naidu Street (Ward -17) guideline value

The current guideline value for Raagavalu Naidu Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam 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

The guideline value for Raagavalu Naidu Street has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 402 per sq.ft. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, 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 Sattamangalam

Sattamangalam has a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,100 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 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 660 per sq.ft, the total 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 fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office covering 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.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is registered, the stamp duty and registration fees are calculated 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 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the classification of Raagavalu Naidu Street?

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

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Raagavalu Naidu Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

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