Guideline Value

Corporate

Guideline Value for Ragunathapuram East

₹1430/sq.ft.

The guideline value for Ragunathapuram East in Mangadu -a village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mangadu -a

Village

Kunrathur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ragunathapuram East

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Ragunathapuram East guideline value

The current guideline value of Ragunathapuram East is Rs 1,430 per sq.ft, effective from 1 July 2024. This village is part of the Mangadu -A area, under the Kunrathur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ragunathapuram East has changed

The guideline value for Ragunathapuram East has seen significant changes over the years. The earliest recorded revision was in 2017, with a value of Rs 871 per sq.ft. In 2023, this value increased to Rs 1,300 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In the Mangadu -A area, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Ragunathapuram East is below this median.

Stamp duty and registration fee for property in Ragunathapuram East

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty, charged at 7%, would amount to Rs 1,00,100, while the registration fee at 2% would be Rs 28,600. Therefore, the total cost for stamp duty and registration fee would be Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ragunathapuram East?

The Sub Registrar Office that covers Ragunathapuram East is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role during property transactions in Mangadu -A. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the correct revenue based on the property's value.

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

Frequently asked questions

What is the current guideline value of Ragunathapuram East?

The current guideline value of Ragunathapuram East is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,430 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What other streets have the same guideline value in Mangadu -A?

Other streets in Mangadu -A that have the same guideline value of Rs 1,430 per sq.ft in 2024 include Ragunathapuram North, Ragunathapuram South, and Ragunathapuram West.

What are the stamp duty and registration fees for properties in Ragunathapuram East?

The stamp duty for properties in Ragunathapuram East is charged at 7%, while the registration fee is charged at 2%. For a property with a guideline value of Rs 14,30,000, the total stamp duty and registration fee would amount to Rs 1,28,700.

Where can I find the Sub Registrar Office for Ragunathapuram East?

The Sub Registrar Office for Ragunathapuram East is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can also find your SRO through the provided link.