Guideline Value for Ragavendra Nagar

Ragavendra Nagar guideline value

The current guideline value of Ragavendra Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village under the Gooduvancheri SRO, classified as Residential Special Type - III.

How the guideline value of Ragavendra Nagar has changed

Over the years, the guideline value of Ragavendra Nagar has seen several revisions. The earliest recorded value was Rs 160 per sq.ft in 2007, which increased significantly to Rs 800 per sq.ft in 2012. However, it then dropped to Rs 536 per sq.ft in 2017. The value remained at Rs 800 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2007 to 2012, it experienced a remarkable rise of 400%. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 700 per sq.ft, placing Ragavendra Nagar's 2024 figure above that median.

• Ragavendrapuram: Rs 800 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 600 per sq.ft (2024)
• Rangaswamy Garden: Rs 1,000 per sq.ft (2024)
• Periyar Street: Rs 600 per sq.ft (2024)
• R.M. Nagar: Rs 500 per sq.ft (2024)
• Sagunthalapuram: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragavendra Nagar?

The Ragavendra Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more assistance.

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

The guideline value is a crucial factor when registering properties in Atanancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the sale price cannot be lower than the guideline value. This means that buyers and sellers must consider the guideline value when negotiating the sale price to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Ragavendra Nagar?

The current guideline value of Ragavendra Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and remained at Rs 800 per sq.ft in both 2023 and 2024.

What is the land classification for Ragavendra Nagar?

Ragavendra Nagar is classified as Residential Special Type - III under the Gooduvancheri SRO.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value, which is Rs 800 per sq.ft for Ragavendra Nagar. For a 1,000 sq.ft plot, the total fees would amount to Rs 72,000.

Where is the Sub Registrar Office for Ragavendra Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.