Guideline Value for Ragavendrapuram

Ragavendrapuram guideline value

The current guideline value of Ragavendrapuram is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village under the Gooduvancheri SRO, classified as Residential Special Type - III.

How the guideline value of Ragavendrapuram has changed

Over the years, the guideline value for Ragavendrapuram has undergone several revisions. The 2007 revision set the value at Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a rise of 400%. However, from 2012 to 2017, the value decreased by 33% to Rs 536 per sq.ft. The 2023 revision maintained the value at Rs 800 per sq.ft, with no percentage change, and the current 2024 revision also retains this value.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 700 per sq.ft, placing Ragavendrapuram's 2024 figure above this median.

• Ragavendra Nagar: Rs 800 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 600 per sq.ft (2024)
• Rangaswamy Garden: Rs 1,000 per sq.ft (2024)
• Periyar Street: Rs 600 per sq.ft (2024)
• R.M. Nagar: Rs 500 per sq.ft (2024)
• Sagunthalapuram: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendrapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. 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 Ragavendrapuram?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Atanancheri. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps ensure compliance with legal requirements and accurate fee calculations. It is advisable to consult the latest guideline values before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Ragavendrapuram?

The current guideline value of Ragavendrapuram is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions maintaining the value at Rs 800 per sq.ft since 2012, with significant increases from Rs 160 in 2007 to Rs 800 in 2012, and a rise of 49% from 2017 to 2023.

What is the median guideline value in Atanancheri?

The median guideline value in Atanancheri is Rs 700 per sq.ft, with Ragavendrapuram's current value being above this median.

What are the stamp duty rates for property in Ragavendrapuram?

The stamp duty for property in Ragavendrapuram is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ragavendrapuram located?

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