Guideline Value for RAGAVENDIRA SALAI 1st CROSS STREET

RAGAVENDIRA SALAI 1st CROSS STREET guideline value

The current guideline value of RAGAVENDIRA SALAI 1st CROSS STREET is Rs 4,640 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Special Type - IV.

How the guideline value of RAGAVENDIRA SALAI 1st CROSS STREET has changed

The guideline value for RAGAVENDIRA SALAI 1st CROSS STREET has undergone significant changes over the years. The 2017 revision set the value at Rs 2,825 per sq.ft, which was a notable figure at the time. However, the most recent 2024 revision has increased this value to Rs 4,640 per sq.ft, marking a substantial increase of 64% from the 2017 figure.

It is important to note that there are no registered figures for this street in the revisions of 2023, 2012, 2007, 2003, and 2002. Thus, the only revisions that reflect a guideline value are from 2017 and 2024.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing RAGAVENDIRA SALAI 1st CROSS STREET above this median.

• Ragavendra Koil Street: Rs 1,980 per sq.ft (2024)
• Quaidhai Millath Nagar: Rs 2,350 per sq.ft (2024)
• Puthuthambi Nagar Sivaji Ist Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 3rd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 2nd Street: Rs 1,760 per sq.ft (2024)
• PuthuThambi Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in RAGAVENDIRA SALAI 1st CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 4,640 per sq.ft, the guideline value amounts to Rs 46,40,000. The stamp duty at 7% would be Rs 3,24,800, and the registration fee at 2% would be Rs 92,800, bringing the total to Rs 4,17,600. 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 details.

Which Sub Registrar Office covers RAGAVENDIRA SALAI 1st CROSS STREET?

The Sub Registrar Office covering RAGAVENDIRA SALAI 1st CROSS STREET is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Anakaputhur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark to assess the transaction value. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of RAGAVENDIRA SALAI 1st CROSS STREET?

The current guideline value of RAGAVENDIRA SALAI 1st CROSS STREET is Rs 4,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,825 per sq.ft in 2017 to Rs 4,640 per sq.ft in 2024, marking a 64% increase. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002.

What is the land classification of RAGAVENDIRA SALAI 1st CROSS STREET?

RAGAVENDIRA SALAI 1st CROSS STREET is classified as Residential Special Type - IV.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 4,17,600. The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.