Guideline Value for RAGAVENDRA NAGAR

Ragavendra Nagar guideline value

The current guideline value of Ragavendra Nagar is Rs 2,200 per sq.ft, as per the 2023 revision. This area is located in Polacheri village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of Ragavendra Nagar has changed

Looking at the revisions, the guideline value for Ragavendra Nagar has remained constant at Rs 2,200 per sq.ft since the 2017 revision. The 2017 revision also recorded the same value of Rs 2,200 per sq.ft, indicating no change over the years from 2017 to 2023.

For the years prior to 2017, the register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024. Therefore, the guideline value has not changed in the recent years, maintaining a steady rate since 2017.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. Ragavendra Nagar is the only street mentioned under this category. The following are the other streets in Polacheri:

Stamp duty and registration fee for property in Ragavendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavendra Nagar?

The Sub Registrar Office covering Ragavendra Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Polacheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers and sellers should be aware that the guideline value or the sale price, whichever is higher, will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Ragavendra Nagar?

The current guideline value of Ragavendra Nagar is Rs 2,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 2,200 per sq.ft from the 2017 revision to the 2023 revision, indicating no percentage change.

Are there any other streets in Polacheri with guideline values?

Currently, there are no other streets in Polacheri listed with specific guideline values. Ragavendra Nagar is the only street mentioned.

What are the stamp duty and registration fees for Ragavendra Nagar?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000, which includes Rs 1,54,000 for stamp duty and Rs 44,000 for registration fees.

Where is the Sub Registrar Office for Ragavendra Nagar located?

The Gooduvancheri Sub Registrar Office, which covers Ragavendra Nagar, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.