Guideline Value for SRI RAGAVENDHRA NAGAR

Sri Ragavendhra Nagar guideline value

The current guideline value of Sri Ragavendhra Nagar is Rs 111 per sq.ft, effective from 1 July 2024. This area is located in Devathanam village and falls under the Ponneri SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Sri Ragavendhra Nagar has changed

The guideline value for Sri Ragavendhra Nagar has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 74 per sq.ft. This figure increased by 50% to Rs 111 per sq.ft in the 2023 revision. The 2024 revision maintained the same value of Rs 111 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. Sri Ragavendhra Nagar's 2024 guideline value is above this median.

• Sri Ragavendra Nagar: Rs 111 per sq.ft (2024)
• Sri Ranganathar Nagar: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part III: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part II: Rs 100 per sq.ft (2024)
• Sakthi Sai Garden: Rs 100 per sq.ft (2024)
• Sai Saran Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ragavendhra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 111 per sq.ft, the guideline value amounts to Rs 1,11,000. The stamp duty at 7% would be Rs 7,770, and the registration fee at 2% would be Rs 2,220, bringing the total to Rs 9,990. 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 Ragavendhra Nagar?

Sri Ragavendhra Nagar is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Devathanam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately.

Buyers and sellers must be aware that the guideline value may differ from the actual sale price. However, the registration fees and stamp duty will be based on the higher of the two values, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Ragavendhra Nagar?

The current guideline value of Sri Ragavendhra Nagar is Rs 111 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 74 per sq.ft in 2017 to Rs 111 per sq.ft in 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

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

Other streets in Devathanam include Sri Ranganathar Nagar, Semmozhi Nagar Part III, Semmozhi Nagar Part II, Sakthi Sai Garden, and Sai Saran Nagar, with guideline values ranging from Rs 100 to Rs 111 per sq.ft.

How is the stamp duty calculated for properties in Sri Ragavendhra Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 7,770 based on the guideline value.

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

The Sub Registrar Office covering Sri Ragavendhra Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.