Guideline Value for SHREE RAGAVANDHIRA CITY

Shree Ragavandhira City guideline value

The current guideline value of Shree Ragavandhira City is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Old Gummidipoondi village under the Gummidipoondi SRO, classified as Residential Class II Type - I.

How the guideline value of Shree Ragavandhira City has changed

The guideline value for Shree Ragavandhira City has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 600 per sq.ft. Prior to that, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. The previous revisions do not have figures recorded for Shree Ragavandhira City, indicating a lack of data for those years.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,210 per sq.ft, with a median value of Rs 660 per sq.ft. Shree Ragavandhira City's 2024 figure aligns with this median.

• Shirdi Sai Baba Nagar: Rs 330 per sq.ft (2024)
• Sipcot Industrial Estate: Rs 330 per sq.ft (2024)
• Saranya Nagar Ward No.9 Door No.1-4: Rs 660 per sq.ft (2024)
• Santhu Street Ward No.2 Door No.1-35: Rs 330 per sq.ft (2024)
• Srinivasa Colony: Rs 220 per sq.ft (2024)
• Rettambedu Road Ward No.1 Door No.1-36: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Ragavandhira City

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shree Ragavandhira City?

The Sub Registrar Office that covers Shree Ragavandhira City is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process when buying or selling property in Old Gummidipoondi. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized and documented.

When a property is registered, the guideline value is assessed to calculate the applicable fees. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value of Shree Ragavandhira City?

The current guideline value of Shree Ragavandhira City is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Shree Ragavandhira City?

Shree Ragavandhira City is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Gummidipoondi Sub Registrar Office?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the stamp duty calculated for properties in Shree Ragavandhira City?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.