Guideline Value for Ragavendira Nagar 1st Street

Ragavendira Nagar 1st Street guideline value

The current guideline value of Ragavendira Nagar 1st Street is Rs 1,650 per sq.ft. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ragavendira Nagar 1st Street has changed

The guideline value for Ragavendira Nagar 1st Street has seen several revisions over the years. The earliest available revision is from 2017, where the guideline value was Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street in the register.

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 for Ragavendira Nagar 1st Street is above this median.

• Ragavendhara Nagar: 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 Ragavendira Nagar 1st Street

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 fees together 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragavendira Nagar 1st Street?

The Ragavendira Nagar 1st Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 is a crucial factor in the registration process when buying or selling property in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps establish a baseline for the sale price, ensuring that the appropriate taxes are collected based on the property's value. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ragavendira Nagar 1st Street?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 64% over these years.

What are the other streets in Pozhichalur and their guideline values?

Other streets in Pozhichalur include Ragavendhara Nagar and Ragaendira Nagar 2nd Street, both at Rs 1,650 per sq.ft, Radhakrishnan Salai at Rs 2,200 per sq.ft, Puthar Street at Rs 1,100 per sq.ft, Purushothaman Avenue at Rs 1,320 per sq.ft, and Purushothaman Avenue Phase III at Rs 2,750 per sq.ft.

Where can I find the registration office for Ragavendira Nagar 1st Street?

The registration office for Ragavendira Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pozhichalur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be calculated at 7% of that amount.