Guideline Value for Ragavendhara Nagar

Ragavendhara Nagar guideline value

The current guideline value of Ragavendhara Nagar in Pozhichalur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Ragavendhara Nagar has changed

The guideline value of Ragavendhara Nagar has seen significant changes over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 1,005 per sq.ft in 2017, marking a substantial rise of 235%. The 2023 revision set the value at Rs 1,500 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 has raised the guideline value to Rs 1,650 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Ragavendhara Nagar is above this median, indicating its relative standing among the streets in the village.

• Ragavendira Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Ragaendira Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Radhakrishnan Salai: Rs 2,200 per sq.ft (2024)
• Puthar Street: Rs 1,100 per sq.ft (2024)
• Purushothaman Avenue Phase III: Rs 2,750 per sq.ft (2024)
• Purushothaman Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendhara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Ragavendhara Nagar?

The Ragavendhara Nagar area falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value plays a crucial role when buying or selling property in Pozhichalur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher value will be used for calculating the fees.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ragavendhara Nagar?

The current guideline value of Ragavendhara Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 300 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 450%.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Ragavendhara Nagar?

The Pammal Sub Registrar Office covers Ragavendhara Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Ragavendhara Nagar?

Ragavendhara Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.