Guideline Value for Ragavendra nagar Ext

Ragavendra nagar Ext guideline value

The current guideline value for Ragavendra nagar Ext is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Vedanareyanapuram village under the Chengleput Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Ragavendra nagar Ext has changed

The guideline value for Ragavendra nagar Ext has experienced several revisions over the years. In 2007, the guideline value was Rs 123 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 388% rise. However, from 2012 to 2017, there was a decrease to Rs 402 per sq.ft, reflecting a -33% change. The value then rose again to Rs 600 per sq.ft in 2023, remaining unchanged in the subsequent 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. The guideline value remained at Rs 600 per sq.ft from 2023 to 2024, indicating a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 388%.

Guideline values in Vedanareyanapuram

In Vedanareyanapuram, there are 31 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,050 per sq.ft, with the median being Rs 600 per sq.ft. The guideline value for Ragavendra nagar Ext is equal to this median.

• Ragavendra nagar: Rs 600 per sq.ft (2024)
• Ragavan Nagar: Rs 500 per sq.ft (2024)
• Ragava Nagar Extension-II: Rs 900 per sq.ft (2024)
• Ponniyamman Nagar: Rs 500 per sq.ft (2024)
• Perumal Nagar Ext: Rs 500 per sq.ft (2024)
• Perumal Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra nagar Ext

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavendra nagar Ext?

The Chengleput Joint I Sub Registrar Office covers Ragavendra nagar Ext, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vedanareyanapuram. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees during the sale or purchase process.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the government. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Ragavendra nagar Ext?

The current guideline value of Ragavendra nagar Ext 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 123 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023, with no change in 2024.

What is the median guideline value in Vedanareyanapuram?

The median guideline value in Vedanareyanapuram is Rs 600 per sq.ft, which is the same as the guideline value for Ragavendra nagar Ext in 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

Where can I find information about the Sub Registrar Office?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the provided link.