Guideline Value for Ragas

Ragas guideline value

The current guideline value for Ragas, located in Kaduvancheri village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Ragas has changed

The guideline value for Ragas has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a significant increase to Rs 201 per sq.ft, marking a 49% rise from the previous figure. In the 2023 revision, the guideline value was again maintained at Rs 300 per sq.ft, which is the same as the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Kaduvancheri

Kaduvancheri village features 37 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The guideline value for Ragas aligns with the median value of Rs 300 per sq.ft for the area.

• Peninsula Housing Scheme: Rs 200 per sq.ft (2024)
• Pakialakshmi Nagar: Rs 250 per sq.ft (2024)
• Om sakthi Elangaliamman Nagar: Rs 400 per sq.ft (2024)
• Nellooramman Koil Street: Rs 100 per sq.ft (2024)
• Shri Sakthi Nagar: Rs 1,232 per sq.ft (2024)
• Sindhiya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ragas

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. 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 Ragas?

The Ragas area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kaduvancheri. It serves as a reference point 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 transaction is recorded accurately. 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 for Ragas?

The current guideline value for Ragas is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ragas has remained at Rs 300 per sq.ft since 2012, with a notable increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Ragas?

The land classification for Ragas is Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Ragas?

For a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Ragas located?

The Sub Registrar Office covering Ragas is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.