Guideline Value

Corporate

Guideline Value for RAGUNATHAN 1st CROSS STREET

₹1700/sq.ft.

The guideline value for Ragunathan 1st Cross Street in Uthandi village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthandi

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Ragunathan 1st Cross Street

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RAGUNATHAN 1st CROSS STREET guideline value

The current guideline value of RAGUNATHAN 1st CROSS STREET is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of RAGUNATHAN 1st CROSS STREET has changed

The guideline value for RAGUNATHAN 1st CROSS STREET has seen several changes over the years. In the 2012 revision, the value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 1,500 per sq.ft, and the most recent 2024 revision set the value at Rs 1,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The transition from 2023 to 2024 saw a rise of 13%. Overall, comparing the 2012 and 2024 figures, there has been a 13% increase.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value among these streets is Rs 1,700 per sq.ft, which is equal to the 2024 figure for RAGUNATHAN 1st CROSS STREET.

Stamp duty and registration fee for property in RAGUNATHAN 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAGUNATHAN 1st CROSS STREET?

The Sub Registrar Office that covers RAGUNATHAN 1st CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Uthandi. It serves as a benchmark to determine the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of RAGUNATHAN 1st CROSS STREET?

The current guideline value of RAGUNATHAN 1st CROSS STREET is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,500 per sq.ft to Rs 1,700 per sq.ft in 2024, with notable increases and decreases in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the land classification for RAGUNATHAN 1st CROSS STREET?

The land classification for RAGUNATHAN 1st CROSS STREET is Residential Class II Type - II.

Where can I find the registration office for this street?

The Neelankarai Sub Registrar Office covers RAGUNATHAN 1st CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Uthandi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at a rate of 7%.