Guideline Value for RagavaNattan Street

RagavaNattan Street guideline value

The current guideline value of RagavaNattan Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Special Type - I.

How the guideline value of RagavaNattan Street has changed

The guideline value for RagavaNattan Street has seen significant changes over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, this value decreased by 33% to Rs 268 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,200 per sq.ft, which has remained unchanged in the 2024 revision.

From 2017 to 2023, there was a substantial increase of 348%, bringing the value to Rs 1,200 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 716% in the guideline value for RagavaNattan Street.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing RagavaNattan Street's 2024 figure above that median.

• Ragavendra Nagar: Rs 300 per sq.ft (2024)
• Raice Mill sandhu: Rs 900 per sq.ft (2024)
• Raj Street: Rs 700 per sq.ft (2024)
• Pirabu Avenue: Rs 900 per sq.ft (2024)
• Pinjukutti Street: Rs 1,000 per sq.ft (2024)
• Ramji Ragar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in RagavaNattan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RagavaNattan Street?

The Sub Registrar Office that covers RagavaNattan Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of RagavaNattan Street?

The current guideline value of RagavaNattan Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 716%, from Rs 147 per sq.ft to Rs 1,200 per sq.ft in 2024.

What is the land classification for RagavaNattan Street?

RagavaNattan Street is classified as Residential Special Type - I.

Where can I find more information about the Uthiramerur SRO?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can also find more information online.

How is the stamp duty calculated for properties in RagavaNattan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft property at the guideline value of Rs 1,200 per sq.ft would incur a stamp duty of Rs 84,000.