Guideline Value

Corporate

Guideline Value for RAGUNATHAN 2nd CROSS STREET

₹1700/sq.ft.

The guideline value for Ragunathan 2nd 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 2nd Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

RAGUNATHAN 2nd CROSS STREET guideline value

The current guideline value for RAGUNATHAN 2nd CROSS STREET is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of RAGUNATHAN 2nd CROSS STREET has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The 2023 revision saw a significant increase to Rs 1,500 per sq.ft, followed by another increase to Rs 1,700 per sq.ft in the 2024 revision, marking a rise of 13% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 13%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for RAGUNATHAN 2nd CROSS STREET.

Guideline values in Uthandi

Uthandi village has a total of 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 guideline value in this area is Rs 1,700 per sq.ft, which is equal to the current figure for RAGUNATHAN 2nd CROSS STREET.

Stamp duty and registration fee for property in RAGUNATHAN 2nd 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, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers RAGUNATHAN 2nd CROSS STREET?

The RAGUNATHAN 2nd CROSS STREET falls under 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It determines the minimum value at which the property must be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally in the property register.

Frequently asked questions

What is the current guideline value of RAGUNATHAN 2nd CROSS STREET?

The current guideline value of RAGUNATHAN 2nd CROSS STREET is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, increased to Rs 1,500 per sq.ft in 2023, and finally rose to Rs 1,700 per sq.ft in 2024.

What is the land classification for RAGUNATHAN 2nd CROSS STREET?

RAGUNATHAN 2nd CROSS STREET is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 17,00,000, the stamp duty is Rs 1,19,000 and the registration fee is Rs 34,000, totaling Rs 1,53,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for RAGUNATHAN 2nd CROSS STREET located?

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