Guideline Value for SRI RAGAVENDRA NAGAR
₹103/sq.ft.
The guideline value for Sri Ragavendra Nagar in Kizhavalem village (Madurandakam SRO, Chengalpattu zone) is Rs 103 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 3% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Kizhavalem
Village
Madurandakam
SRO
Residential Special Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹103 /sq.ft. |
| From 1-4-2023 | ₹100 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹57 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹85 /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)
No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sri Ragavendra Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Madurandakam sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Ragavendra Nagar guideline value
The current guideline value of Sri Ragavendra Nagar, located in Kizhavalem village under the Madurandakam SRO, is Rs 103 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.
How the guideline value of Sri Ragavendra Nagar has changed
The guideline value for Sri Ragavendra Nagar has seen several revisions over the years. The 2012 revision set the rate at Rs 85 per sq.ft, which was then reduced to Rs 57 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 75%, reaching Rs 100 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 103 per sq.ft, reflecting a 3% rise from the previous year.
It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 21%.
Guideline values in Kizhavalem
Kizhavalem village has a total of 19 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median guideline value in this area is Rs 103 per sq.ft, which is equal to the current rate for Sri Ragavendra Nagar.
- Sriram Nagar: Rs 120 per sq.ft (2024)
- Sri Ranga Nagar: Rs 101 per sq.ft (2024)
- Sri Ranga Nagar Phase - II: Rs 100 per sq.ft (2024)
- Sri Moogambigai Nagar: Rs 400 per sq.ft (2024)
- Sri Vinayaga Nagar: Rs 103 per sq.ft (2024)
- Sri Balaji Associates Sri Ranga Nagar State Hith Way Golden City: Rs 100 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Ragavendra Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost for these fees to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can use the stamp duty and registration fee calculator for more detailed calculations.
Which Sub Registrar Office covers Sri Ragavendra Nagar?
The Sub Registrar Office covering Sri Ragavendra Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.
How the guideline value is used when you buy or sell in Kizhavalem
The guideline value is an essential factor when registering property transactions in Kizhavalem. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.
When buying or selling property, the guideline value helps in establishing a fair baseline for the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.
Frequently asked questions
What is the current guideline value of Sri Ragavendra Nagar?
The current guideline value of Sri Ragavendra Nagar is Rs 103 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 85 per sq.ft in 2012 to Rs 57 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.
What are the other streets in Kizhavalem with their guideline values?
Other streets in Kizhavalem include Sriram Nagar at Rs 120 per sq.ft, Sri Ranga Nagar at Rs 101 per sq.ft, and Sri Moogambigai Nagar at Rs 400 per sq.ft, among others.
What is the stamp duty for property in Sri Ragavendra Nagar?
The stamp duty for property in Sri Ragavendra Nagar is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 7,210.
Where is the Sub Registrar Office for Sri Ragavendra Nagar located?
The Sub Registrar Office for Sri Ragavendra Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.
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