Guideline Value for SRI RAGAVANDIRA NAGAR

Sri Ragavandira Nagar guideline value

The current guideline value of Sri Ragavandira Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO, classified as Mixed Type - I land.

How the guideline value of Sri Ragavandira Nagar has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This remained unchanged in the subsequent revisions of 2017 and 2023, where it also stood at Rs 600 per sq.ft. The 2017 revision saw a significant increase from the 2012 figure, which was a decrease from Rs 402 per sq.ft in 2017. The 2024 revision maintains the value at Rs 600 per sq.ft, showing no change from the previous year.

Between the revisions, the most notable change occurred from 2017 to 2023, with an increase of 49%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft, indicating stability in this area. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Athur A Block

Athur A Block contains 44 streets under the Chengleput Joint II SRO, with a 2024 guideline value ranging from Rs 300 to Rs 1,525 per sq.ft. The median value is Rs 600 per sq.ft, placing Sri Ragavandira Nagar's 2024 figure at this median level.

• Sri Ram Nagar: Rs 800 per sq.ft (2024)
• Srinivasa Avenue: Rs 500 per sq.ft (2024)
• Sri Ranga Nagar: Rs 1,525 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Sri Malli Nathar Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ragavandira Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 Ragavandira Nagar?

The Chengleput Joint II Sub Registrar Office covers Sri Ragavandira Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a crucial factor in the registration process for property transactions in Athur A Block. It serves as a benchmark for determining the stamp duty and registration fees payable during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value set by the Registration Department. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ragavandira Nagar?

The current guideline value of Sri Ragavandira Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with notable changes occurring between 2012 and 2017, where it decreased to Rs 402 per sq.ft, and then increased by 49% to Rs 600 per sq.ft in 2023.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Sri Ragavandira Nagar?

The Chengleput Joint II Sub Registrar Office is responsible for Sri Ragavandira Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Sri Ragavandira Nagar?

Sri Ragavandira Nagar is classified as Mixed Type - I land, which influences its guideline value and potential uses.