Guideline Value for SRI RAAGAVENDRA NAGAR

Sri Raagavendra Nagar guideline value

The current guideline value of Sri Raagavendra Nagar is Rs 200 per sq.ft, as per the 2023 revision. This area falls under Puliyur village and is managed by the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Sri Raagavendra Nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. However, in the 2017 revision, it decreased to Rs 134 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw an increase to Rs 200 per sq.ft, representing a 49% rise from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 200 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Puliyur

No specific village figures are provided for Puliyur. Sri Raagavendra Nagar is one of the streets under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sri Raagavendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Raagavendra Nagar?

The Sri Raagavendra Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Puliyur, determining the minimum value at which a property can be registered. When buying or selling property, this value is critical as it influences the stamp duty and registration fees payable.

During the registration process, the buyer must ensure that the sale price is either equal to or greater than the guideline value. This ensures that the appropriate taxes are calculated based on the higher amount, safeguarding the interests of both the buyer and the government.

Frequently asked questions

What is the current guideline value of Sri Raagavendra Nagar?

The current guideline value of Sri Raagavendra Nagar is Rs 200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations, starting at Rs 200 per sq.ft in 2012, decreasing to Rs 134 per sq.ft in 2017, and then rising back to Rs 200 per sq.ft in 2023.

What is the stamp duty rate for properties in Sri Raagavendra Nagar?

The stamp duty rate for properties in Sri Raagavendra Nagar is 7% of the guideline value or sale price, whichever is higher.

What registration fees apply when purchasing property in Sri Raagavendra Nagar?

The registration fee for properties in Sri Raagavendra Nagar is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Raagavendra Nagar?

The Sub Registrar Office covering Sri Raagavendra Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.