Guideline Value for RAGAVENDRA NAGAR

Ragavendra Nagar guideline value

The current guideline value of Ragavendra Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Ragavendra Nagar has changed

The guideline value for Ragavendra Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the guideline value of Ragavendra Nagar.

• Ragavendra Nagar Extn: Rs 770 per sq.ft (2024)
• Raghuram Garden: Rs 1,190 per sq.ft (2024)
• Railway Line (South) Nagar Ramar Koil St: Rs 870 per sq.ft (2024)
• Priya Nagar: Rs 770 per sq.ft (2024)
• Prakash Nagar Phase-(I-III Part Including): Rs 1,400 per sq.ft (2024)
• Prakasam Nagar: Rs 770 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragavendra Nagar?

The Sub Registrar Office that covers Ragavendra Nagar is 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-B

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate 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 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, which is a total increase of 64% over these years.

What is the stamp duty rate for properties in Ragavendra Nagar?

The stamp duty rate for properties in Ragavendra Nagar is 7% of the guideline value or sale price, whichever is higher.

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

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

What is the median guideline value in Thiruninravur-B?

The median guideline value in Thiruninravur-B is Rs 770 per sq.ft, which is also the guideline value for Ragavendra Nagar in 2024.