Guideline Value for Ragavendra samy Street

Ragavendra samy Street guideline value

The current guideline value of Ragavendra samy Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Ragavendra samy Street has changed

The guideline value for Ragavendra samy Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft. However, in 2017, this value decreased to Rs 2,479 per sq.ft. Following that, the 2023 revision increased the value to Rs 3,700 per sq.ft, and the latest 2024 revision has set it at Rs 4,000 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The revision from 2023 to 2024 reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, placing Ragavendra samy Street's current value above this median.

• Ragavendra Street: Rs 4,000 per sq.ft (2024)
• Rail Vihar Phase -II A: Rs 1,800 per sq.ft (2024)
• P.V. city: Rs 3,600 per sq.ft (2024)
• Pushpammal Street: Rs 4,600 per sq.ft (2024)
• Raja moorthy Street: Rs 4,000 per sq.ft (2024)
• Prithvipakkam West Park street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra samy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, resulting in a total of Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavendra samy Street?

The Sub Registrar Office that covers Ragavendra samy Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ragavendra samy Street?

The current guideline value of Ragavendra samy Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification of Ragavendra samy Street?

Ragavendra samy Street is classified as Residential Special Type - II.

What is the median guideline value in Ambattur?

The median guideline value in Ambattur is Rs 3,600 per sq.ft, which is below the current guideline value of Ragavendra samy Street.

Where can I find the Sub Registrar Office for Ragavendra samy Street?

The Sub Registrar Office for Ragavendra samy Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.