Guideline Value for Ragavendhra Nagar

Ragavendhra Nagar guideline value

The current guideline value of Ragavendhra Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Boothanoor village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ragavendhra Nagar has changed

The guideline value for Ragavendhra Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the next revision in 2017, where it was decreased to Rs 100 per sq.ft. Following that, the value increased significantly by 50% to Rs 150 per sq.ft in 2023. The 2024 revision has kept the guideline value stable at Rs 150 per sq.ft, showing a 0% change from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Boothanoor

In Boothanoor, there are five streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft. The median guideline value for these streets is Rs 126 per sq.ft, placing Ragavendhra Nagar's 2024 value above this median.

• Padmavathy Nagar: Rs 100 per sq.ft (2024)
• Jemi Housing Annai therasa Nagar phase: Rs 126 per sq.ft (2024)
• Annai Therasa Nagar: Rs 126 per sq.ft (2024)
• Sipcot Boothanoor: Rs 471 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendhra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ragavendhra Nagar?

The Sub Registrar Office that covers Ragavendhra Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Boothanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the authorities will assess the property based on the guideline value. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, ensuring that the correct fees are applied during the registration process.

Frequently asked questions

What is the current guideline value of Ragavendhra Nagar?

The current guideline value of Ragavendhra Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 150 per sq.ft in 2023, and remains at Rs 150 per sq.ft in 2024.

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

For a 1,000 sq.ft plot valued at Rs 150 per sq.ft, the total guideline value is Rs 1,50,000. The stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which Sub Registrar Office covers Ragavendhra Nagar?

The Sunguvarchattram Sub Registrar Office covers Ragavendhra Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. The fees are based on the higher of the guideline value or the sale price, ensuring appropriate charges are applied during registration.