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Guideline Value

Corporate

Guideline Value for RAGAVENDRA NAGAR 3RD STREET

₹3100/sq.ft.

The guideline value for Ragavendra Nagar 3rd Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ragavendra Nagar 3rd Street

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Ragavendra Nagar 3rd Street guideline value

The current guideline value of Ragavendra Nagar 3rd Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ragavendra Nagar 3rd Street has changed

The guideline value for Ragavendra Nagar 3rd Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,800 per sq.ft. This figure decreased significantly to Rs 1,876 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a substantial increase to Rs 2,800 per sq.ft, followed by another increase to Rs 3,100 per sq.ft in the 2024 revision, marking an overall increase of 11% from 2012 to 2024.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The changes between the revisions include an increase of 49% from 2017 to 2023 and an 11% increase from 2023 to 2024.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, which is equal to the current value of Ragavendra Nagar 3rd Street.

Stamp duty and registration fee for property in Ragavendra Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty is calculated at 7%, amounting to Rs 2,17,000, and the registration fee is charged at 2%, totaling Rs 62,000. Therefore, the total cost for stamp duty and registration fees would be Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragavendra Nagar 3rd Street?

The Sub Registrar Office that covers Ragavendra Nagar 3rd Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ramapuram. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ragavendra Nagar 3rd Street?

The current guideline value of Ragavendra Nagar 3rd Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then increased to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What is the land classification of Ragavendra Nagar 3rd Street?

Ragavendra Nagar 3rd Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Ragavendra Nagar 3rd Street?

The Sub Registrar Office for Ragavendra Nagar 3rd Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Ragavendra Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 at a rate of 7%.