Guideline Value for RAGAVENDRA AVENUE

Ragavendra Avenue guideline value

The current guideline value of Ragavendra Avenue is Rs 300 per sq.ft, as per the 2023 revision. This street is located in Thozhuvur village under the Tiruvallur Joint 1 SRO, classified as Residential Class III Type - II.

How the guideline value of Ragavendra Avenue has changed

In the 2012 revision, the guideline value for Ragavendra Avenue was Rs 300 per sq.ft. This figure remained the same in the subsequent 2017 revision, where it was recorded as Rs 201 per sq.ft, showing a decrease of 33%. However, in the most recent 2023 revision, the guideline value increased to Rs 300 per sq.ft again, marking a 49% increase from the 2017 figure. Overall, from 2012 to 2023, the guideline value has not changed.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2024 for Ragavendra Avenue.

Guideline values in Thozhuvur

Currently, there are no guideline values available for other streets in Thozhuvur. Ragavendra Avenue is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Ragavendra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 Ragavendra Avenue?

The Sub Registrar Office that covers Ragavendra Avenue is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Thozhuvur. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for legal property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from transactions, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ragavendra Avenue?

The current guideline value of Ragavendra Avenue is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Ragavendra Avenue was Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and then increased back to Rs 300 per sq.ft in 2023.

What is the land classification of Ragavendra Avenue?

Ragavendra Avenue is classified as Residential Class III Type - II.

Where is the Sub Registrar Office located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for properties in Ragavendra Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 21,000.