Guideline Value

Corporate

Guideline Value for RAGUNATHAN 5th CROSS STREET

₹1700/sq.ft.

The guideline value for Ragunathan 5th 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 5th Cross Street

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RAGUNATHAN 5th CROSS STREET guideline value

The current guideline value of RAGUNATHAN 5th 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 5th CROSS STREET has changed

The guideline value for RAGUNATHAN 5th CROSS STREET has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,700 per sq.ft in the 2024 revision, reflecting a change of +49% from 2017 to 2023 and +13% from 2023 to 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from 2012 to 2024, the guideline value has increased by +13%. The current value of Rs 1,700 per sq.ft aligns with the median guideline value for Uthandi, which ranges from Rs 1,100 to Rs 14,700 per sq.ft for 197 streets under the Neelankarai SRO.

Guideline values in Uthandi

In Uthandi, the guideline values vary significantly, with the current figures ranging from Rs 1,100 to Rs 14,700 per sq.ft. RAGUNATHAN 5th CROSS STREET's guideline value of Rs 1,700 per sq.ft is equal to the median value for the area.

Stamp duty and registration fee for property in RAGUNATHAN 5th 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 would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total fees together to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers RAGUNATHAN 5th CROSS STREET?

The RAGUNATHAN 5th 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 aspect in the registration process when buying or selling property in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of RAGUNATHAN 5th CROSS STREET?

The current guideline value of RAGUNATHAN 5th 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 changed several times, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. The value decreased from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017 before rising again.

What is the land classification for RAGUNATHAN 5th CROSS STREET?

RAGUNATHAN 5th CROSS STREET is classified as Residential Class II Type - II, indicating its use primarily for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

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

How is the 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, for a property valued at Rs 17,00,000, the stamp duty at 7% would be Rs 1,19,000.