Guideline Value for Ragavendra Nagar

Ragavendra Nagar guideline value

The current guideline value of Ragavendra Nagar is Rs 1,100 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this locality is the Gooduvancheri SRO.

How the guideline value of Ragavendra Nagar has changed

The guideline value for Ragavendra Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 737 per sq.ft, a decrease of 33% from the previous figure. The most recent revision in 2023 brought the guideline value back up to Rs 1,100 per sq.ft, representing a significant increase of 49% from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has doubled, showing an increase of 100%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Ragavendra Nagar is part of Urapakkam, which is served by the Gooduvancheri SRO. Unfortunately, no specific village figures are provided for Urapakkam. There are currently no other streets in Urapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ragavendra Nagar

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

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragavendra Nagar?

The Sub Registrar Office that covers Ragavendra Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Urapakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the sale price and the guideline value are compared, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Ragavendra Nagar?

The current guideline value of Ragavendra Nagar is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times. It was Rs 550 per sq.ft in 2007, increased to Rs 1,100 in 2012, dropped to Rs 737 in 2017, and returned to Rs 1,100 in 2023.

What is the land classification for Ragavendra Nagar?

Ragavendra Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, leading to specific fees based on that value.