Guideline Value

Corporate

Guideline Value for Ragunathapuram North

₹1430/sq.ft.

The guideline value for Ragunathapuram North 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 North

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Ragunathapuram North guideline value

The current guideline value of Ragunathapuram North is Rs 1,430 per sq.ft, effective from 1 July 2024. This village is part of the Kunrathur SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Ragunathapuram North has changed

The guideline value of Ragunathapuram North has undergone several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The most recent 2024 revision has further raised the value to Rs 1,430 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the increase is 64%, reflecting the changes in the property market in the area.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Ragunathapuram North's 2024 figure below this median.

Stamp duty and registration fee for property in Ragunathapuram North

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 at 7% would amount to Rs 1,00,100, while the registration fee at 2% would be Rs 28,600. Together, the total cost for stamp duty and registration 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ragunathapuram North?

The Sub Registrar Office that covers Ragunathapuram North is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Mangadu -A, the guideline value plays a crucial role in determining the stamp duty and registration fees. These costs are based on the guideline value set for the specific area, which is updated periodically by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Ragunathapuram North?

The current guideline value of Ragunathapuram North 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 from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Mangadu -A?

Other streets in Mangadu -A have varying guideline values, with rates ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft.

What are the stamp duty and registration fees for property transactions?

Stamp duty is typically charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 1,28,700 in fees.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the Ragunathapuram North area.