Guideline Value for RAGAVENDRA NAGAR EXTN

Ragavendra Nagar Extn guideline value

The current guideline value of Ragavendra Nagar Extn is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Ragavendra Nagar Extn has changed

The guideline value for Ragavendra Nagar Extn has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2023, marking a 49% increase. The latest revision in 2024 has raised the guideline value further to Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value among these streets is Rs 750 per sq.ft, which is equal to the current guideline value for Ragavendra Nagar Extn.

• Ragavendra Nagar: Rs 750 per sq.ft (2024)
• Raghuram Garden: Rs 1,200 per sq.ft (2024)
• Railway Line (South) Nagar Ramar Koil St: Rs 840 per sq.ft (2024)
• Priya Nagar: Rs 750 per sq.ft (2024)
• Prakash Nagar Phase-(I-III Part Including): Rs 1,400 per sq.ft (2024)
• Prakasam Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty is charged at 7%, which totals Rs 52,500, and the registration fee is 2%, amounting to Rs 15,000. Together, the total fees would be Rs 67,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Ragavendra Nagar Extn?

The Ragavendra Nagar Extn falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial reference point when buying or selling property in Thiruninravur-A. It helps determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to assess the applicable charges. This ensures that all transactions are conducted fairly and transparently, based on the established values for the area.

Frequently asked questions

What is the current guideline value of Ragavendra Nagar Extn?

The current guideline value of Ragavendra Nagar Extn is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 60%, moving from Rs 469 per sq.ft to Rs 750 per sq.ft.

What are the other streets in Thiruninravur-A with similar guideline values?

Other streets in Thiruninravur-A with a guideline value of Rs 750 per sq.ft include Ragavendra Nagar and Priya Nagar, while Prakasam Nagar also shares this value.

How is stamp duty calculated for properties in Ragavendra Nagar Extn?

Stamp duty for properties in Ragavendra Nagar Extn is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,50,000 would incur a stamp duty of Rs 52,500.

Where can I find the Sub Registrar Office for Ragavendra Nagar Extn?

The Sub Registrar Office covering Ragavendra Nagar Extn is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.