Guideline Value for RAGAHVIAH ROAD

Ragahviah Road guideline value

The current guideline value of Ragahviah Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - I.

How the guideline value of Ragahviah Road has changed

The guideline value for Ragahviah Road has seen several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased significantly to Rs 13,000 per sq.ft in 2012, marking a 333% rise. However, from 2012 to 2017, the value decreased to Rs 8,710 per sq.ft, a drop of 33%. The value then increased to Rs 13,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 14,300 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Ragahviah Road in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 377%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value range from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value is Rs 11,000 per sq.ft, placing Ragahviah Road's 2024 value above this median.

• Radhakrishna Road/ Radhakrishna Street: Rs 8,300 per sq.ft (2024)
• Railway Border Road: Rs 6,600 per sq.ft (2024)
• Rajabathar Street: Rs 11,000 per sq.ft (2024)
• Rajachar Street: Rs 13,200 per sq.ft (2024)
• Pudu Street: Rs 5,500 per sq.ft (2024)
• Rajamannar Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ragahviah Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, totaling Rs 12,87,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragahviah Road?

The Sub Registrar Office that covers Ragahviah Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Tnagar. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately in the official records of the Registration Department.

Frequently asked questions

What is the current guideline value of Ragahviah Road?

The current guideline value of Ragahviah Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 3,000 per sq.ft in 2007 to Rs 14,300 per sq.ft in 2024, marking an overall increase of 377%.

What is the land classification of Ragahviah Road?

Ragahviah Road is classified as Mixed Special Type - I.

Where can I find the Thiyagaraya nagar Sub Registrar Office?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is the stamp duty calculated for properties in Ragahviah Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000.