Guideline Value for Ragavenra salai

Ragavenra salai guideline value

The current guideline value of Ragavenra Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Ragavenra salai has changed

The guideline value for Ragavenra Salai has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. Subsequently, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, placing Ragavenra Salai's 2024 figure above this median.

• Ragavendra Road: Rs 3,300 per sq.ft (2024)
• Ragavendra Avenue: Rs 2,750 per sq.ft (2024)
• Radhakrishna St: Rs 1,650 per sq.ft (2024)
• Radha Avenue: Rs 1,100 per sq.ft (2024)
• Queen Elizabeth Street: Rs 1,100 per sq.ft (2024)
• Puthther street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavenra salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavenra salai?

The Sub Registrar Office that covers Ragavenra Salai is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Chitlapakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding the guideline value can help in making informed decisions during the property buying or selling process.

Frequently asked questions

What is the current guideline value of Ragavenra Salai?

The current guideline value of Ragavenra Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Ragavenra Salai?

Ragavenra Salai is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in Ragavenra Salai?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Where can I find the Sub Registrar Office for Ragavenra Salai?

The Sub Registrar Office for Ragavenra Salai is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.