Guideline Value for Ragavendra Koil Street

Ragavendra Koil Street guideline value

The current guideline value of Ragavendra Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Ragavendra Koil Street has changed

The guideline value for Ragavendra Koil Street has seen significant changes over the years. In the 2003 revision, the value was Rs 241 per sq.ft, which increased to Rs 350 per sq.ft in 2007. This was a rise of 45%. The value then surged to Rs 1,206 per sq.ft in 2017, marking a substantial increase of 245%. In 2023, the value further rose to Rs 1,800 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 722%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median value across these streets is Rs 1,980 per sq.ft, which is the same as the guideline value for Ragavendra Koil Street.

• RAGAVENDIRA SALAI 1st CROSS STREET: Rs 4,640 per sq.ft (2024)
• Quaidhai Millath Nagar: Rs 2,350 per sq.ft (2024)
• Puthuthambi Nagar Sivaji Ist Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 3rd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 2nd Street: Rs 1,760 per sq.ft (2024)
• PuthuThambi Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ragavendra Koil Street?

The Sub Registrar Office that covers Ragavendra Koil Street is 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 details.

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

The guideline value is a crucial factor when buying or selling property in Anakaputhur, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

When a property is sold, the buyer and seller must consider the guideline value to determine the appropriate fees. It is essential to refer to the latest revisions to understand the current rates applicable to the property being transacted.

Frequently asked questions

What is the current guideline value of Ragavendra Koil Street?

The current guideline value of Ragavendra Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 241 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 722% over the years.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,78,200.

Which Sub Registrar Office handles registrations for Ragavendra Koil Street?

The Pammal Sub Registrar Office handles registrations for Ragavendra Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Ragavendra Koil Street?

Ragavendra Koil Street is classified as Residential Class I Type - I, indicating its designation for residential use.