Guideline Value for Ragunathapuram South

Ragunathapuram South guideline value

The current guideline value of Ragunathapuram South is Rs 1,430 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur Sub Registrar Office and is classified as Residential Class II Type - II.

How the guideline value of Ragunathapuram South has changed

The guideline value for Ragunathapuram South has seen significant changes over the years. The 2017 revision recorded a value of Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Mangadu -A

In Mangadu -A, 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 for Ragunathapuram South is below this median.

• Ragunathapuram North: Rs 1,430 per sq.ft (2024)
• Ragunathapuram West: Rs 1,430 per sq.ft (2024)
• Ragunathapuram East: Rs 1,430 per sq.ft (2024)
• Priyam Avenue: Rs 1,870 per sq.ft (2024)
• Priam Avenue Extension: Rs 1,870 per sq.ft (2024)
• Poonamallee - Kundrathur Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ragunathapuram South

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

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

Which Sub Registrar Office covers Ragunathapuram South?

The Kunrathur Sub Registrar Office covers Ragunathapuram South, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Mangadu -A. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. This ensures transparency and compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Ragunathapuram South?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, reflecting an overall increase of 64%.

What are the stamp duty and registration fees for a property in Ragunathapuram South?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles property registrations in Ragunathapuram South?

The Kunrathur Sub Registrar Office handles property registrations in Ragunathapuram South, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Ragunathapuram South?

Ragunathapuram South is classified as Residential Class II Type - II, indicating its suitability for residential development.