Guideline Value for RAGAVA NAGAR EXTENSION-II

Ragava Nagar Extension-II guideline value

The current guideline value of Ragava Nagar Extension-II is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Vedanareyanapuram village under the Chengleput Joint I SRO, with a land classification of Mixed Type - II.

How the guideline value of Ragava Nagar Extension-II has changed

The guideline value for Ragava Nagar Extension-II has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 900 per sq.ft, which is the same as in 2023. Prior to that, in 2017, the guideline value was Rs 603 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value remained stable at Rs 900 per sq.ft. This consistency reflects the absence of fluctuations in the guideline value for the most recent two revisions. The significant change occurred between 2017 and 2023, where the value increased by 49% from Rs 603 per sq.ft to Rs 900 per sq.ft.

Guideline values in Vedanareyanapuram

In Vedanareyanapuram, there are 31 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,050 per sq.ft, with a median of Rs 600 per sq.ft. The guideline value for Ragava Nagar Extension-II is above this median.

• Ragavan Nagar: Rs 500 per sq.ft (2024)
• Ragavendra nagar: Rs 600 per sq.ft (2024)
• Ragavendra nagar Ext: Rs 600 per sq.ft (2024)
• Ponniyamman Nagar: Rs 500 per sq.ft (2024)
• Perumal Nagar Ext: Rs 500 per sq.ft (2024)
• Perumal Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Ragava Nagar Extension-II

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value totals Rs 9,00,000. The stamp duty at 7% amounts to Rs 63,000, and the registration fee at 2% is Rs 18,000, bringing the total fees to Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ragava Nagar Extension-II?

The Sub Registrar Office covering Ragava Nagar Extension-II is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vedanareyanapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ragava Nagar Extension-II?

The current guideline value of Ragava Nagar Extension-II is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft from 2023 to 2024, and increased by 49% from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023.

What is the land classification of Ragava Nagar Extension-II?

The land classification for Ragava Nagar Extension-II is Mixed Type - II.

Where can I find the Chengleput Joint I SRO?

The Chengleput Joint I SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Ragava Nagar Extension-II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 9,00,000, the stamp duty at 7% would be Rs 63,000.