Guideline Value for Ragulan Street

Ragulan Street guideline value

The current guideline value of Ragulan Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village under the Tambaram Joint 1 SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Ragulan Street has changed

The guideline value for Ragulan Street has seen several revisions over the years. In 2012, the value was set at Rs 750 per sq.ft. This figure remained unchanged until 2017 when it dropped to Rs 502 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 750 per sq.ft, and in the latest revision for 2024, it rose further to Rs 830 per sq.ft, marking an increase of 11% from the previous year.

There are no registered figures for Ragulan Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, which is the same as the current value for Ragulan Street.

• Raghulamman Koil Street: Rs 830 per sq.ft (2024)
• Raghulamman Koil Cross Street: Rs 830 per sq.ft (2024)
• Rajaji Street: Rs 830 per sq.ft (2024)
• Rajaram Street: Rs 830 per sq.ft (2024)
• Prime Avenue Extension: Rs 3,300 per sq.ft (2024)
• Prime Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ragulan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty is charged at 7%, which totals Rs 58,100, and the registration fee is charged at 2%, amounting to Rs 16,600. Together, the total cost for stamp duty and registration fee would be Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragulan Street?

The Sub Registrar Office that covers Ragulan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ragulan Street?

The current guideline value of Ragulan Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Ragulan Street?

Ragulan Street is classified under Residential Class I Type - II.

What are the stamp duty and registration fees for property in Ragulan Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,30,000, with a stamp duty of Rs 58,100 and a registration fee of Rs 16,600, totaling Rs 74,700.

Which Sub Registrar Office covers Ragulan Street?

The Tambaram Joint 1 Sub Registrar Office covers Ragulan Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.