Guideline Value for Ragaendira Nagar 2nd Street

Ragaendira Nagar 2nd Street guideline value

The current guideline value of Ragaendira Nagar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Ragaendira Nagar 2nd Street has changed

The guideline value for Ragaendira Nagar 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, in 2017, the value was significantly lower at Rs 1,005 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 64% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. This lack of data means that the changes in guideline value prior to 2017 cannot be assessed.

Guideline values in Pozhichalur

In Pozhichalur, a total of 299 streets fall under the Pammal SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, positioning Ragaendira Nagar 2nd Street above this median with its current guideline value of Rs 1,650 per sq.ft.

• Ragavendhara Nagar: Rs 1,650 per sq.ft (2024)
• Ragavendira Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Radhakrishnan Salai: Rs 2,200 per sq.ft (2024)
• Puthar Street: Rs 1,100 per sq.ft (2024)
• Purushothaman Avenue Phase III: Rs 2,750 per sq.ft (2024)
• Purushothaman Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ragaendira Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragaendira Nagar 2nd Street?

The Sub Registrar Office that covers Ragaendira Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When engaging in property transactions, buyers and sellers must be aware that the guideline value will influence the total costs involved in the registration process. It is essential to consider this value to avoid unexpected expenses during the transaction.

Frequently asked questions

What is the current guideline value of Ragaendira Nagar 2nd Street?

The current guideline value of Ragaendira Nagar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024, reflecting a 64% increase overall from 2017 to 2024.

What are the guideline values of other streets in Pozhichalur?

Other streets in Pozhichalur have varying guideline values, with rates ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft.

What is the stamp duty rate for property in Ragaendira Nagar 2nd Street?

The stamp duty rate for property in Ragaendira Nagar 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ragaendira Nagar 2nd Street?

The Sub Registrar Office for Ragaendira Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.