Guideline Value for Ragavanar Street

Ragavanar Street guideline value

The current guideline value of Ragavanar Street is Rs 3,025 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village under the Chengleput Joint I SRO, classified as Residential Special Type - V.

How the guideline value of Ragavanar Street has changed

The guideline value of Ragavanar Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 450 per sq.ft. This increased significantly to Rs 2,750 per sq.ft in 2012, marking a substantial rise of 511%. However, the value then decreased to Rs 1,842 per sq.ft in 2017, a drop of 33%. The most recent figures show an increase to Rs 2,750 per sq.ft in 2023, followed by a further increase to Rs 3,025 per sq.ft in 2024, reflecting a change of 10% from the previous year.

There are no recorded figures for Ragavanar Street for the years 2002 and 2003. The overall change from the 2007 revision to the 2024 revision is an increase of 572%.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 3,025 per sq.ft, which is equal to the guideline value of Ragavanar Street.

• Pudukarai ( Nadu Street): Rs 2,200 per sq.ft (2024)
• Pudu Eri: Rs 2,420 per sq.ft (2024)
• Rajaji Street: Rs 5,500 per sq.ft (2024)
• Rajeswari Vedachalam Street: Rs 3,850 per sq.ft (2024)
• Pillaiyar Kulam Street: Rs 4,125 per sq.ft (2024)
• Ramapalayam: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,025 per sq.ft, the total guideline value would be Rs 30,25,000. The stamp duty at 7% would amount to Rs 2,11,750, and the registration fee at 2% would be Rs 60,500, bringing the total cost to Rs 2,72,250. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragavanar Street?

The Sub Registrar Office covering Ragavanar Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chengalpattu Town. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale, ensuring that the transaction is recorded accurately in the official registers.

Frequently asked questions

What is the current guideline value of Ragavanar Street?

The current guideline value of Ragavanar Street is Rs 3,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 3,025 per sq.ft in 2024, marking an overall increase of 572%.

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

For a property valued at Rs 30,25,000, the stamp duty would be Rs 2,11,750 and the registration fee would be Rs 60,500, totaling Rs 2,72,250.

Which office handles property registrations for Ragavanar Street?

The Chengleput Joint I Sub Registrar Office handles property registrations for Ragavanar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How does the guideline value affect property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value, maintaining transparency in the real estate market.