Guideline Value for Ratchagan Street

Ratchagan Street guideline value

The current guideline value of Ratchagan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ratchagan Street has changed

The guideline value for Ratchagan Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, indicating that Ratchagan Street's 2024 figure is below that median.

• Royal city: Rs 1,400 per sq.ft (2024)
• Royal Star: Rs 2,201 per sq.ft (2024)
• Raj Nagar: Rs 1,700 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,100 per sq.ft (2024)
• Samuga Koodam Street: Rs 1,200 per sq.ft (2024)
• School Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ratchagan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that 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 more information.

Which Sub Registrar Office covers Ratchagan Street?

The Sub Registrar Office covering Ratchagan Street 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 Soorapattu

The guideline value is a crucial factor during the registration of property transactions in Soorapattu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation of the property. This helps in maintaining transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Ratchagan Street?

The current guideline value of Ratchagan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the classification of Ratchagan Street?

Ratchagan Street is classified as Residential Class III Type - I under the Ambattur SRO.

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

Other streets in Soorapattu include Royal city at Rs 1,400 per sq.ft, Royal Star at Rs 2,201 per sq.ft, Raj Nagar at Rs 1,700 per sq.ft, Rajiv Gandhi Street at Rs 1,100 per sq.ft, Samuga Koodam Street at Rs 1,200 per sq.ft, and School Street at Rs 1,100 per sq.ft.

Where can I find the Sub Registrar Office for Ratchagan Street?

The Sub Registrar Office for Ratchagan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.