Guideline Value

Corporate

Guideline Value for Ragavan Nagar

₹1600/sq.ft.

The guideline value for Ragavan Nagar in Puthagaram village (Ambattur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puthagaram

Village

Ambattur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ragavan Nagar

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Ragavan Nagar guideline value

The current guideline value of Ragavan Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Ragavan Nagar has changed

The guideline value for Ragavan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in the 2017 revision, reflecting a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision has further increased it to Rs 1,600 per sq.ft, marking a 7% rise from the previous year.

In summary, from the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, making the current value of Ragavan Nagar below this median.

Stamp duty and registration fee for property in Ragavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty, charged at 7%, would be Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, the total cost for stamp duty and registration would be Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavan Nagar?

The Sub Registrar Office that covers Ragavan Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puthagaram, as it determines the minimum value at which properties can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When selling a property, the guideline value helps establish a baseline for the sale price, ensuring that the transaction is recorded in accordance with the regulations set forth by the Registration Department. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Ragavan Nagar?

The current guideline value of Ragavan Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the other streets in Puthagaram with their guideline values?

Other streets in Puthagaram include Ragavendra avenue at Rs 1,600 per sq.ft, Purusothaman Nagar Extn and Purusothaman Nagar both at Rs 3,000 per sq.ft, Rajammal Nager at Rs 1,900 per sq.ft, Raj Nagar at Rs 1,600 per sq.ft, and Pillaiyar Kovil Street at Rs 1,600 per sq.ft.

What is the registration office for Ragavan Nagar?

The registration office for Ragavan Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ragavan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,12,000.