Guideline Value for Ragallamman kovil Street

Ragallamman kovil Street guideline value

The current guideline value of Ragallamman kovil Street 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 Ragallamman kovil Street has changed

The guideline value for Ragallamman kovil Street has seen several revisions over the years. In 2012, the value was set at Rs 180 per sq.ft, which 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 value, with no change noted for the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Ragallamman kovil Street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, which is the same as the guideline value for Ragallamman kovil Street.

• Ragala Kanni Theru: 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 Ragallamman kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 181 per sq.ft, the guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, and the registration fee at 2% would be Rs 3,620, making the total Rs 16,290. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragallamman kovil Street?

The Sub Registrar Office that covers Ragallamman kovil Street 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 is an essential factor in the registration process when buying or selling property in Mettupalayam. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

This value is regularly updated to reflect changes in the real estate market, ensuring that property transactions are conducted fairly and transparently. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ragallamman kovil Street?

The current guideline value of Ragallamman kovil Street 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 has remained the same in 2024.

What is the classification of Ragallamman kovil Street?

Ragallamman kovil Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Ragallamman kovil Street?

The Sub Registrar Office for Ragallamman kovil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How do stamp duty and registration fees work in Mettupalayam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. These fees are essential to complete the registration process when buying or selling property in Mettupalayam.