Guideline Value for SRI RAGAVENDRA NAGAR

Sri Ragavendra Nagar guideline value

The current guideline value of Sri Ragavendra Nagar is Rs 200 per sq.ft. This street is located in Arani village, under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Sri Ragavendra Nagar has changed

According to the guideline value register, there are no figures available for Sri Ragavendra Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded a guideline value of Rs 200 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024.

Thus, the changes between the 2023 and 2024 revisions show an increase of 0%. The current guideline value has been consistent at Rs 200 per sq.ft since at least 2023.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO, with guideline values ranging from Rs 200 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, positioning Sri Ragavendra Nagar's 2024 figure below this median.

• Sri Sai Avenue: Rs 200 per sq.ft (2024)
• Sri Sathya Saibaba Nagar Extension: Rs 300 per sq.ft (2024)
• Sri S.V. Nagar: Rs 200 per sq.ft (2024)
• Sri Chamundeswari Nagar Annexe: Rs 250 per sq.ft (2024)
• Subramani Nagar: Rs 200 per sq.ft (2024)
• S.P.Koil Street: Rs 600 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 precise calculations.

Which Sub Registrar Office covers Sri Ragavendra Nagar?

The Sub Registrar Office covering Sri Ragavendra Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value at the time of the transaction.

Frequently asked questions

What is the current guideline value of Sri Ragavendra Nagar?

The current guideline value of Sri Ragavendra Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Ragavendra Nagar has remained at Rs 200 per sq.ft since the 2023 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Arani?

The median guideline value for the 51 streets in Arani is Rs 300 per sq.ft, with Sri Ragavendra Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for properties in Sri Ragavendra Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Sri Ragavendra Nagar located?

The Sub Registrar Office for Sri Ragavendra Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.