Guideline Value for RAGAVENDRA NAGAR

Ragavendra Nagar guideline value

The current guideline value of Ragavendra Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Ragavendra Nagar has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This figure was followed by a decrease to Rs 201 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Ragavendra Nagar. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Ragavendra Nagar is below this median.

• RagavaNattan Street: Rs 1,200 per sq.ft (2024)
• Raice Mill sandhu: Rs 900 per sq.ft (2024)
• Raj Street: Rs 700 per sq.ft (2024)
• Pirabu Avenue: Rs 900 per sq.ft (2024)
• Pinjukutti Street: Rs 1,000 per sq.ft (2024)
• Ramji Ragar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 calculations.

Which Sub Registrar Office covers Ragavendra Nagar?

The Sub Registrar Office that covers Ragavendra Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of properties in Uthiramerur. It is the basis for calculating stamp duty and registration fees, which are mandatory when transferring property ownership.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable taxes and fees. This ensures that the state government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ragavendra Nagar?

The current guideline value of Ragavendra Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: it was Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023 and 2024.

What are the other street guideline values in Uthiramerur?

Other streets in Uthiramerur have varying guideline values. For example, RagavaNattan Street has a guideline value of Rs 1,200 per sq.ft, while Raj Street is valued at Rs 700 per sq.ft.

What is the stamp duty rate in Ragavendra Nagar?

The stamp duty rate in Ragavendra Nagar is 7% of the guideline value or sale price, whichever is higher. This is applicable during property registration.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.