Guideline Value for Ragavendra Garden

Ragavendra Garden guideline value

The current guideline value of Ragavendra Garden is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Keelakazhani village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Ragavendra Garden has changed

The guideline value for Ragavendra Garden has undergone several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The value then rose to Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 200%.

Guideline values in Keelakazhani

In Keelakazhani village, there are 35 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft, with a median value of Rs 700 per sq.ft. Ragavendra Garden's current guideline value is below this median.

• Power Avenue: Rs 700 per sq.ft (2024)
• Peruvazhi Nagar: Rs 700 per sq.ft (2024)
• R K Nagar: Rs 600 per sq.ft (2024)
• Shri Shanmuga Nagar Pahase-II: Rs 600 per sq.ft (2024)
• M.S. Nagar: Rs 700 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavendra Garden?

The Ragavendra Garden area falls under the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Keelakazhani. It is used to determine the stamp duty and registration fees applicable during the registration of property transactions. Buyers and sellers should be aware that the guideline value is the basis for calculating these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps in establishing a legal framework for the transaction. It ensures that the government receives the appropriate revenue from property sales, thus maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Ragavendra Garden?

The current guideline value of Ragavendra Garden is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Keelakazhani?

Other streets in Keelakazhani have guideline values ranging from Rs 600 to Rs 800 per sq.ft in 2024, with the median value being Rs 700 per sq.ft.

What fees are associated with buying property in Ragavendra Garden?

When buying property in Ragavendra Garden, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ragavendra Garden?

The Gooduvancheri Sub Registrar Office covers Ragavendra Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.