Guideline Value for Ragul Street(Imanuel Nagar)

Ragul Street(Imanuel Nagar) guideline value

The current guideline value of Ragul Street (Imanuel Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Ragul Street(Imanuel Nagar) has changed

The guideline value for Ragul Street (Imanuel Nagar) has experienced several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 600 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 1,340 per sq.ft in 2017, representing a decline of 33%. The 2023 revision brought it back up to Rs 2,000 per sq.ft, and the latest revision in 2024 has set it at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2007 to 2024, the overall increase in the guideline value is 267%. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current figure for Ragul Street (Imanuel Nagar).

• Ragavendra Street: Rs 2,400 per sq.ft (2024)
• Rajagopal Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Radha krishnan Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Rajaji Street (Gandhi Nagar): Rs 1,900 per sq.ft (2024)
• Rajaji Street (Vinayapuram): Rs 2,400 per sq.ft (2024)
• Rajaji Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ragul Street(Imanuel Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ragul Street(Imanuel Nagar)?

The Sub Registrar Office that covers Ragul Street (Imanuel Nagar) 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 details.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to determine the minimum value at which the property can be registered. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Ragul Street (Imanuel Nagar)?

The current guideline value of Ragul Street (Imanuel Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 267% over the years.

What are the other streets in Oragadam with their guideline values?

Other streets in Oragadam include Ragavendra Street, Rajagopal Street (V.L.Puram), Radha krishnan Street (Ram Nagar), Rajaji Street (Gandhi Nagar), Rajaji Street (Vinayapuram), and Rajaji Street (V.L.Puram), with values ranging from Rs 1,900 to Rs 2,400 per sq.ft.

What is the stamp duty rate for properties in Ragul Street (Imanuel Nagar)?

The stamp duty rate for properties in Ragul Street (Imanuel Nagar) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ragul Street (Imanuel Nagar)?

The Sub Registrar Office for Ragul Street (Imanuel Nagar) is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.