Guideline Value

Corporate

Guideline Value for SRI RAGAVAA NAGAR

₹802/sq.ft.

The guideline value for Sri Ragavaa Nagar in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 802 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹802 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sri Ragavaa Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Ragavaa Nagar guideline value

The current guideline value of Sri Ragavaa Nagar in Mitnamalle village is Rs 802 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Ragavaa Nagar has changed

Over the years, the guideline value of Sri Ragavaa Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then changed to Rs 402 per sq.ft in 2017, followed by an increase to Rs 600 per sq.ft in 2023. The most recent revision in 2024 has brought the value to Rs 802 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, it increased significantly by 49% from 2017 to 2023 and then rose by 34% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft, with the median being Rs 802 per sq.ft. The guideline value of Sri Ragavaa Nagar is equal to this median.

Stamp duty and registration fee for property in Sri Ragavaa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 802 per sq.ft, the guideline value would be Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, totaling Rs 72,180. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ragavaa Nagar?

Sri Ragavaa Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mitnamalle. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are based on a standardized assessment of property values in the area.

When a property transaction occurs, the guideline value helps to establish a fair basis for taxation. Buyers and sellers must be aware of the current guideline value to accurately estimate the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Ragavaa Nagar?

The current guideline value of Sri Ragavaa Nagar is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 802 per sq.ft in 2024.

What is the registration office for Sri Ragavaa Nagar?

The registration office covering Sri Ragavaa Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated in Sri Ragavaa Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000.

What are the other streets in Mitnamalle with guideline values?

Other streets in Mitnamalle include Sri Ram Avenue, Sri Nagar Extn, Sri Nagar, Sri Sapthagiri Nagar, Sri Krishna Nagar, and St.Maichels Nagar, with values ranging from Rs 802 to Rs 808 per sq.ft as of 2024.