Guideline Value for Ragavendira Nagar

Ragavendira Nagar guideline value

The current guideline value of Ragavendira Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Ragavendira Nagar has changed

The guideline value for Ragavendira Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase.

Guideline values in Pazhanthandalam

In Pazhanthandalam, there are 57 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,980 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Ragavendira Nagar.

• Raghavendra Nagar Extn I to V: Rs 770 per sq.ft (2024)
• Portia: Rs 1,100 per sq.ft (2024)
• Pooja Avenue: Rs 1,970 per sq.ft (2024)
• Ramamurthy Nagar - I: Rs 1,200 per sq.ft (2024)
• Ramamurthy Nagar - II: Rs 1,200 per sq.ft (2024)
• Rathi's Sri Sai City Phase-I: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your exact fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragavendira Nagar?

The Sub Registrar Office that covers Ragavendira Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pazhanthandalam. It serves as a benchmark for determining the value of the property for stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, both parties need to consider the guideline value as it affects the overall cost of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ragavendira Nagar?

The current guideline value of Ragavendira Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Ragavendira Nagar?

Ragavendira Nagar is classified as Residential Special Type - I.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Ragavendira Nagar?

The Padappai Sub Registrar Office handles registrations for Ragavendira Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.