Guideline Value for RAGAVA STREET

Ragava Street guideline value

The current guideline value of Ragava Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ragava Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,200 per sq.ft in the 2024 revision, reflecting a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Ragava Street are from 2017 to 2024. The significant increase in the guideline value from Rs 1,340 to Rs 2,200 indicates a notable change over this period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Ragava Street.

• Quaid Milleth Street: Rs 1,700 per sq.ft (2024)
• Quaid Milleth Extention: Rs 1,700 per sq.ft (2024)
• Quaid Milleth 5th Street: Rs 1,700 per sq.ft (2024)
• Quaid Milleth 4th Street: Rs 1,700 per sq.ft (2024)
• Quaid Milleth 3rd Street: Rs 1,700 per sq.ft (2024)
• Quaid Milleth 2nd Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ragava Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ragava Street?

The Sub Registrar Office that covers Ragava Street 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 Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the transaction reflects a fair value for taxation purposes. Buyers and sellers must be aware of the guideline value to accurately estimate the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Ragava Street?

The current guideline value of Ragava Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value of Ragava Street has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of +64%.

Are there any years where the guideline value is not available for Ragava Street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Ragava Street.

What is the land classification for Ragava Street?

The land classification for Ragava Street is Residential Class II Type - III.

Where is the Neelankarai Sub Registrar Office located?

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