Guideline Value for RAGAVENDRA NAGAR (N)

Ragavendra Nagar (N) guideline value

The current guideline value of Ragavendra Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Ragavendra Nagar (N) has changed

The guideline value for Ragavendra Nagar (N) has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which then dropped to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Ragavendra Nagar (N) below this median at Rs 660 per sq.ft.

• Ragavendrar Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Rail Nagar 10nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 11nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 12nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 13nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar, 13th Cross Street (Ward -2): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra Nagar (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavendra Nagar (N)?

The Sub Registrar Office that covers Ragavendra Nagar (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives a fair amount of revenue based on the property’s assessed value.

When selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers often refer to the guideline value to ensure that the transaction price aligns with the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Ragavendra Nagar (N)?

The current guideline value of Ragavendra Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Ragavendra Nagar (N)?

Ragavendra Nagar (N) is classified as Residential Class I Type - III.

What are the guideline values of other streets in Kattankollatur?

Other streets in Kattankollatur have varying guideline values, with rates ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.