Guideline Value for Ragala Kanni Theru

Ragala Kanni Theru guideline value

The current guideline value of Ragala Kanni Theru is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Ragala Kanni Theru has changed

The guideline value for Ragala Kanni Theru has seen several revisions over the years. In 2012, the value was Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft. The 2023 revision maintained this figure, and as of the 2024 revision, the guideline value remains unchanged at Rs 181 per sq.ft.

It is important to note that 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 1%.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft. The median value for these streets is Rs 181 per sq.ft, which is equal to the 2024 figure for Ragala Kanni Theru.

• Ragallamman kovil Street: Rs 181 per sq.ft (2024)
• Ramar Kovil Street: Rs 200 per sq.ft (2024)
• Peria Pallaiyathamman Street: Rs 181 per sq.ft (2024)
• Panruti Main Road: Rs 200 per sq.ft (2024)
• Palvaddi Street: Rs 181 per sq.ft (2024)
• Palnallur Road: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Ragala Kanni Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, making the total cost for these fees Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ragala Kanni Theru?

The Sub Registrar Office covering Ragala Kanni Theru is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Mettupalayam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees.

When a property transaction takes place, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Ragala Kanni Theru?

The current guideline value of Ragala Kanni Theru is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in 2023 and 2024, showing fluctuations over the years.

What are the other streets with guideline values in Mettupalayam?

Other streets in Mettupalayam include Ragallamman kovil Street, Ramar Kovil Street, Peria Pallaiyathamman Street, Panruti Main Road, Palvaddi Street, and Palnallur Road, with values ranging from Rs 181 to Rs 200 per sq.ft.

How is stamp duty calculated for properties in Ragala Kanni Theru?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670.

Where can I find the Sub Registrar Office for Ragala Kanni Theru?

The Sub Registrar Office for Ragala Kanni Theru is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can also find your SRO online.