Guideline Value for RAGAVAL NAGAR

Ragaval Nagar guideline value

The current guideline value of Ragaval Nagar is Rs 935 per sq.ft, effective from 1 July 2024. This area is located in Vilingiyambakkam village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Ragaval Nagar has changed

The guideline value for Ragaval Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 350 per sq.ft. This increased significantly to Rs 850 per sq.ft in 2012, marking a rise of 143%. However, the value then decreased to Rs 569 per sq.ft in 2017, a drop of 33%. Following this, the guideline value surged to Rs 850 per sq.ft in 2023, and then to the current Rs 935 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 167%, showcasing a significant change over the years.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which aligns with the guideline value of Ragaval Nagar.

• Railway Line Southern Side Streets: Rs 1,310 per sq.ft (2024)
• Railway Line Street: Rs 1,310 per sq.ft (2024)
• Raja Durai St: Rs 810 per sq.ft (2024)
• P.U.Shanmugam St: Rs 935 per sq.ft (2024)
• Pulavar Govindan St: Rs 935 per sq.ft (2024)
• Rajaji Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Ragaval Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total charges to Rs 84,150. It is important to 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 Ragaval Nagar?

The Sub Registrar Office that covers Ragaval Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Ragaval Nagar?

The current guideline value of Ragaval Nagar is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 935 per sq.ft in 2024, showing an overall increase of 167% over the years.

What are the stamp duty and registration fees for property in Ragaval Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000. The stamp duty is Rs 65,450, and the registration fee is Rs 18,700, totaling Rs 84,150.

Which Sub Registrar Office covers Ragaval Nagar?

The Avadi Sub Registrar Office covers Ragaval Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai.

What is the land classification of Ragaval Nagar?

Ragaval Nagar falls under the Residential Class II Type - II land classification.