Guideline Value for RAGAS SOCIETY CAMPUS

Ragas Society Campus guideline value

The current guideline value for Ragas Society Campus in Uthandi village, under the Neelankarai SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Ragas Society Campus has changed

The guideline value for Ragas Society Campus has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then rose again to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

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

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Ragas Society Campus above this median.

• RAGUNATHAN 1st CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 2nd CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 3rd CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 4th CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 5th CROSS STREET: Rs 1,700 per sq.ft (2024)
• RAGUNATHAN 6th CROSS STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ragas Society Campus

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ragas Society Campus?

The Sub Registrar Office that covers Ragas Society Campus is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is documented at a fair value, which is essential for legal and taxation purposes. It is advisable for both buyers and sellers to consult the latest guideline values to understand their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value for Ragas Society Campus?

The current guideline value for Ragas Society Campus is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Ragas Society Campus?

Ragas Society Campus is classified under Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Ragas Society Campus?

The stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers the area of Ragas Society Campus?

The Neelankarai Sub Registrar Office covers Ragas Society Campus, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.