Guideline Value for Ragavan Street, Sivasankaran Nagar

Ragavan Street, Sivasankaran Nagar guideline value

The current guideline value of Ragavan Street, Sivasankaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ragavan Street, Sivasankaran Nagar has changed

The guideline value for Ragavan Street has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,800 per sq.ft. The latest revision in 2024 increased this value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

To summarize, the guideline values for Ragavan Street are as follows: Rs 1,800 per sq.ft in 2023 and Rs 1,980 per sq.ft in 2024. The increase reflects the changes in the guideline value register as updated by the Registration Department.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value across these streets is Rs 2,090 per sq.ft, placing Ragavan Street's 2024 figure below this median.

• Ragavan Street: Rs 1,980 per sq.ft (2024)
• Radhakrishnan Salai / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Rahgupathy Street (T.S.) / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Puspagiri Street: Rs 1,760 per sq.ft (2024)
• Pulavar Jeganathan Street / Pasumpon nagar: Rs 1,980 per sq.ft (2024)
• Pugazenthi Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavan Street, Sivasankaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the stamp 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 Ragavan Street, Sivasankaran Nagar?

The Sub Registrar Office that covers Ragavan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees.

During the registration process, the buyer must ensure that the sale price is at least equal to the guideline value. This ensures compliance with local regulations and helps in the accurate assessment of taxes owed during the transaction.

Frequently asked questions

What is the current guideline value of Ragavan Street?

The current guideline value of Ragavan Street, Sivasankaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ragavan Street has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, reflecting a 10% increase. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Pammal?

The median guideline value across the 926 streets in Pammal is Rs 2,090 per sq.ft. Ragavan Street's current guideline value is below this median.

What are the stamp duty and registration fees for Ragavan Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Ragavan Street?

The Pammal Sub Registrar Office handles registrations for Ragavan Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.