Guideline Value for RAGAVENDRA NAGAR

Ragavendra Nagar guideline value

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

How the guideline value of Ragavendra Nagar has changed

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

When looking at the changes from earlier revisions, the guideline value rose significantly from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, reflecting an overall increase of 60%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

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

• Ragavendra Nagar Extn: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty, charged at 7%, would be Rs 52,500, while the registration fee at 2% would be Rs 15,000, bringing the total fees together to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ragavendra Nagar?

The Sub Registrar Office that covers Ragavendra Nagar is the Avadi Sub Registrar Office. The address is 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 factor during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

Frequently asked questions

What is the current guideline value for Ragavendra Nagar?

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

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, reflecting an overall increase of 60% over this period.

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

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles property registrations in Ragavendra Nagar?

The Avadi Sub Registrar Office is responsible for property registrations in Ragavendra Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including the location and land classification of the property. It serves as a reference point for calculating stamp duty and registration fees during property transactions.