Guideline Value for Ragavendra st srinagar colony

Ragavendra st srinagar colony guideline value

The current guideline value for Ragavendra St in Srinagar Colony, Thirumullaivoyal village, under the Ambattur SRO is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Ragavendra st srinagar colony has changed

The guideline value for Ragavendra St has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The most recent revision in 2024 shows a significant increase to Rs 2,700 per sq.ft, marking a 61% rise from the 2017 figure.

From 2012 to 2017, the guideline value decreased by 33%. However, the overall change from 2012 to 2024 reflects a modest increase of 8%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Ragavendra St's current value above this median.

• Raghavendra Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Rajaji Cross Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Purananooru Street(sakthi nagar): Rs 2,400 per sq.ft (2024)
• Rajaji Street (Road) (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Rajamani Nagar: Rs 990 per sq.ft (2024)
• Rajamani Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendra st srinagar colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Ragavendra st srinagar colony?

The Ragavendra St Srinagar Colony falls under the jurisdiction of 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 further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ragavendra St Srinagar Colony?

The current guideline value for Ragavendra St in Srinagar Colony is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then to Rs 2,700 per sq.ft in 2024. This reflects a 61% increase from 2017 to 2024.

What is the land classification of Ragavendra St?

Ragavendra St is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What is the stamp duty rate for property transactions?

The stamp duty for property transactions in this area is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ragavendra St?

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