Guideline Value for SRI RAGAVENDIRA NAGAR

Sri Ragavendira Nagar guideline value

The current guideline value of Sri Ragavendira Nagar, located in Nayakkankuppam village under the Walajabad SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Ragavendira Nagar has changed

Over the years, the guideline value for Sri Ragavendira Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a lower value of Rs 167 per sq.ft, reflecting a decrease of 33% from the previous figure. The most recent revision in 2024 has again set the value at Rs 250 per sq.ft, indicating no change from the 2023 revision and an overall increase of 0% from the 2012 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The guideline value has thus remained stable in the recent revisions, particularly between 2023 and 2024, where the value did not change at all.

Guideline values in Nayakkankuppam

Nayakkankuppam village has a total of 23 streets under the Walajabad SRO, with guideline values for 2024 ranging from Rs 150 to Rs 403 per sq.ft. The median guideline value for the village is Rs 200 per sq.ft, placing Sri Ragavendira Nagar's value above this median.

• Sri Mahalakshmi Nagar: Rs 403 per sq.ft (2024)
• Sri Sai Township: Rs 150 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Vetrivel Nagar: Rs 200 per sq.ft (2024)
• Sri Babuji Nagar: Rs 200 per sq.ft (2024)
• Sree Sastha Avenue: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ragavendira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ragavendira Nagar?

Sri Ragavendira Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nayakkankuppam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the market.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Ragavendira Nagar?

The current guideline value of Sri Ragavendira Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in 2012, 2023, and the upcoming 2024 revisions. The 2017 revision saw a decrease to Rs 167 per sq.ft, while the overall change from 2012 to 2024 is 0%.

What is the median guideline value in Nayakkankuppam?

The median guideline value for Nayakkankuppam is Rs 200 per sq.ft, with Sri Ragavendira Nagar's value being above this median.

What are the stamp duty and registration fees in Sri Ragavendira Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500 for these fees.

Which office handles registrations for Sri Ragavendira Nagar?

The Walajabad Sub Registrar Office handles registrations for Sri Ragavendira Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.