Guideline Value

Corporate

Guideline Value for SRI RAGAVENDRA NAGAR

₹440/sq.ft.

The guideline value for Sri Ragavendra Nagar in Nadukuthagai village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nadukuthagai

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Ragavendra Nagar

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Sri Ragavendra Nagar guideline value

The current guideline value of Sri Ragavendra Nagar, located in Nadukuthagai village under the Avadi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of Sri Ragavendra Nagar has changed

Over the years, the guideline value for Sri Ragavendra Nagar has seen several revisions. In 2012, the guideline value was Rs 700 per sq.ft. This figure decreased to Rs 469 per sq.ft in 2017, marking a decline of 33%. The value further dropped to Rs 400 per sq.ft in 2023, which is a 15% decrease from the previous revision. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, the guideline value has decreased by 37% from 2012 to 2024. The current value of Rs 440 per sq.ft is below the median guideline value of Rs 880 per sq.ft for the 35 streets in Nadukuthagai under the Avadi SRO.

Guideline values in Nadukuthagai

In Nadukuthagai village, the guideline values for various streets range from Rs 330 to Rs 1,980 per sq.ft as per the 2024 revision. The guideline value for Sri Ragavendra Nagar is below the median value of Rs 880 per sq.ft. The following are the guideline values for other streets in Nadukuthagai:

Stamp duty and registration fee for property in Sri Ragavendra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 further calculations.

Which Sub Registrar Office covers Sri Ragavendra Nagar?

The Sub Registrar Office that covers Sri Ragavendra Nagar is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nadukuthagai. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction reflects a fair valuation as per the government standards. This helps in maintaining transparency in property transactions and aids in revenue collection for the state.

Frequently asked questions

What is the current guideline value of Sri Ragavendra Nagar?

The current guideline value of Sri Ragavendra Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 700 per sq.ft in 2012 to Rs 440 per sq.ft in 2024, with various changes occurring in between, including a drop to Rs 400 per sq.ft in 2023.

What are the guideline values of other streets in Nadukuthagai?

Other streets in Nadukuthagai have varying guideline values, ranging from Rs 330 to Rs 1,980 per sq.ft. For example, Sri Mahalakshmi Nagar is Rs 880 per sq.ft, while Sun City is Rs 1,100 per sq.ft.

How is stamp duty calculated for properties in Sri Ragavendra Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800.

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

The Sub Registrar Office for Sri Ragavendra Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.