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 Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this street is 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. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 402 per sq.ft before it increased to Rs 600 per sq.ft in the 2023 revision. The most recent revision in 2024 has increased the value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%. Following this, the value rose significantly by 49% from 2017 to 2023. Overall, when considering the period from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Ragavendra Nagar (N) below this median.

• 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimates.

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, 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 Sattamangalam

The guideline value is an essential factor during property registration in Sattamangalam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value for 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 660 per sq.ft in 2024, with fluctuations in between, including a decrease to Rs 402 per sq.ft in 2017 and an increase to Rs 600 per sq.ft in 2023.

What other streets have guideline values in Sattamangalam?

Other streets in Sattamangalam include Ragavendrar Koil Street Peramanur at Rs 440 per sq.ft and several Rail Nagar streets at Rs 1,100 per sq.ft, reflecting a range of values within the village.

What are the stamp duty and registration fees for property in Ragavendra Nagar (N)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges amount to Rs 59,400 based on the current guideline value.

Where can I find my Sub Registrar Office?

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