Guideline Value

Corporate

Guideline Value for RAGAVENDRA NAGAR

₹330/sq.ft.

The guideline value for Ragavendra Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹28 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ragavendra Nagar

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Ragavendra Nagar guideline value

The current guideline value of Ragavendra Nagar, located in Nanthiambakkam village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Ragavendra Nagar has changed

Over the years, the guideline value of Ragavendra Nagar has seen significant changes. The earliest recorded figure is from 2003, where the value was Rs 28 per sq.ft. This increased to Rs 50 per sq.ft in 2007, marking a substantial rise of 79%. The value then jumped dramatically to Rs 300 per sq.ft in 2012, reflecting a 500% increase. However, it decreased to Rs 201 per sq.ft in 2017, a reduction of 33%. The value rose again to Rs 300 per sq.ft in 2023, and finally reached Rs 330 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there is no recorded figure for Ragavendra Nagar in the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1079%.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that have a guideline value for 2024, ranging from Rs 275 to Rs 770 per sq.ft. The median guideline value is Rs 330 per sq.ft, which is equal to the current value of Ragavendra Nagar.

Stamp duty and registration fee for property in Ragavendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavendra Nagar?

The Sub Registrar Office that covers Ragavendra Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanthiambakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. The guideline value is established by the government and is periodically revised based on various factors.

When a property is sold, the buyer must ensure that the transaction is registered at the Sub Registrar Office, where the guideline value will be referenced to calculate the applicable fees. This ensures that the transaction is legally recognized and that the necessary taxes are paid.

Frequently asked questions

What is the current guideline value of Ragavendra Nagar?

The current guideline value of Ragavendra Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 28 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1079% over the years.

What is the land classification of Ragavendra Nagar?

Ragavendra Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

The Sub Registrar Office for Ragavendra Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Ragavendra Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 330 per sq.ft would incur a total guideline value of Rs 3,30,000.