Guideline Value for Sri Ragavendra Avenue

Sri Ragavendra Avenue guideline value

The current guideline value of Sri Ragavendra Avenue is Rs 402 per sq.ft. This street is located in Mangalam village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - V.

How the guideline value of Sri Ragavendra Avenue has changed

The guideline value for Sri Ragavendra Avenue has remained constant at Rs 402 per sq.ft since the 2017 revision. The 2023 revision also listed the guideline value at Rs 402 per sq.ft, showing no change from the previous year. Similarly, the 2024 revision continues this trend, maintaining the guideline value at Rs 402 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has seen no change, with an increase of 0% between the revisions of 2023 to 2024 and 2017 to 2023.

Guideline values in Mangalam

In Mangalam village, there are 15 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 350 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 575 per sq.ft, placing Sri Ragavendra Avenue's 2024 figure below that median.

• Sri Sai Ganesh Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Ganesh Nagar Phase II: Rs 600 per sq.ft (2024)
• Sri Sai Vignesh Nagar: Rs 801 per sq.ft (2024)
• Singhvi Emerald: Rs 1,000 per sq.ft (2024)
• Vedagiris Mount City Part - II: Rs 575 per sq.ft (2024)
• Ram Avenue: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ragavendra Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, totaling Rs 36,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ragavendra Avenue?

The Sub Registrar Office covering Sri Ragavendra Avenue is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Mangalam, ensuring that properties are registered at a value that reflects the established rates for the area. This value is crucial for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value is taken into account to determine the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Ragavendra Avenue?

The current guideline value of Sri Ragavendra Avenue is Rs 402 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 402 per sq.ft since 2017, with no changes recorded in the revisions of 2023 and 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the median guideline value in Mangalam?

The median guideline value for streets in Mangalam is Rs 575 per sq.ft. Sri Ragavendra Avenue's current guideline value is below this median.

What are the stamp duty and registration fees for a property in Sri Ragavendra Avenue?

For a property valued at Rs 4,02,000, the total stamp duty and registration fees would amount to Rs 36,180. This includes a stamp duty of Rs 28,140 and a registration fee of Rs 8,040.

Which office handles property registrations for Sri Ragavendra Avenue?

The Thirukazhukundram Sub Registrar Office is responsible for property registrations in Sri Ragavendra Avenue. It is located at Thiruchengode - 637 211, Chengalpattu registration zone.