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Guideline Value

Corporate

Guideline Value for Ragavendra Street (Vetri Nagar)

₹3301/sq.ft.

The guideline value for Ragavendra Street (vetri Nagar) in Peravallur village (Sembiam SRO, Chennai zone) is Rs 3301 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3301 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ragavendra Street (vetri Nagar)

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Ragavendra Street (Vetri Nagar) guideline value

The current guideline value of Ragavendra Street (Vetri Nagar) is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Special Type - II.

How the guideline value of Ragavendra Street (Vetri Nagar) has changed

The guideline value for Ragavendra Street (Vetri Nagar) has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, before the latest increase to Rs 3,301 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2023 to 2024 was 10%. The overall change from 2007 to 2024 reflects an increase of 313%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which is the same as the guideline value for Ragavendra Street (Vetri Nagar).

Stamp duty and registration fee for property in Ragavendra Street (Vetri Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would amount to Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total to Rs 2,97,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ragavendra Street (Vetri Nagar)?

The Sub Registrar Office that covers Ragavendra Street (Vetri Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government during the transaction.

When a property is sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ragavendra Street (Vetri Nagar)?

The current guideline value of Ragavendra Street (Vetri Nagar) is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,301 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the stamp duty rate for property in Ragavendra Street (Vetri Nagar)?

The stamp duty rate for property transactions in Ragavendra Street (Vetri Nagar) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ragavendra Street (Vetri Nagar)?

The Sub Registrar Office for Ragavendra Street (Vetri Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the other streets in Peravallur with the same guideline value?

Other streets in Peravallur that share the same guideline value of Rs 3,301 per sq.ft include Ragavan Street (Vetri Nagar Extension), Raghavan Street (Vetri Nagar), Rajabhadar Street (Vetri Nagar), Raja Garden Main Road, Raja Garden Road, and Prabu Street (Vetri Nagar).