Guideline Value for SRI RAGAVENDRA NAGAR

Sri Ragavendra Nagar guideline value

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

How the guideline value of Sri Ragavendra Nagar has changed

The guideline value for Sri Ragavendra Nagar has undergone several revisions over the years. The register shows that in 2017, the guideline value was Rs 74 per sq.ft. This increased to Rs 111 per sq.ft in the 2023 revision, marking a 50% rise. The 2024 revision also maintains the value at Rs 111 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 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 carry a guideline value for 2024, ranging from Rs 100 to Rs 111 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, making the 2024 figure for Sri Ragavendra Nagar above that median.

• Sri Ragavendhra 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 Ragavendra Nagar

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

Which Sub Registrar Office covers Sri Ragavendra Nagar?

The Sub Registrar Office that covers Sri Ragavendra Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Devathanam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value serves as a benchmark for transactions and helps in the assessment of property taxes.

Frequently asked questions

What is the current guideline value of Sri Ragavendra Nagar?

The current guideline value of Sri Ragavendra Nagar is Rs 111 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 seen an increase 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 and 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 stamp duty calculated for properties in Sri Ragavendra Nagar?

Stamp duty for properties in Sri Ragavendra Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 9,990 in fees.

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

The Sub Registrar Office for Sri Ragavendra Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.