Guideline Value

Corporate

Guideline Value for Sri Ragavendra Colony

₹1000/sq.ft.

The guideline value for Sri Ragavendra Colony in Nandhivaram village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nandhivaram

Village

Gooduvancheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹328 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹57 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Ragavendra Colony

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Sri Ragavendra Colony guideline value

The current guideline value of Sri Ragavendra Colony is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village under the Gooduvancheri SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Ragavendra Colony has changed

The guideline value of Sri Ragavendra Colony has seen several revisions over the years. In 2002, the value was Rs 57 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007, marking a 475% rise. The value then rose to Rs 1,000 per sq.ft in 2012, reflecting a 205% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value remained stable at Rs 1,000 per sq.ft in 2023 and again in 2024, indicating no change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1654%. Notably, there is no figure recorded in the register for the year 2003 for this street.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, placing Sri Ragavendra Colony's 2024 figure below that median.

Stamp duty and registration fee for property in Sri Ragavendra Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these charges, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ragavendra Colony?

The Sub Registrar Office covering Sri Ragavendra Colony is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Nandhivaram. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized value.

During the registration process, the guideline value helps in assessing the fair value of the property, which is essential for both buyers and sellers. It ensures transparency and consistency in property transactions, thereby protecting the interests of all parties involved.

Frequently asked questions

What is the current guideline value of Sri Ragavendra Colony?

The current guideline value of Sri Ragavendra Colony is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 57 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, with various increases and decreases over the years.

What is the median guideline value in Nandhivaram?

The median guideline value in Nandhivaram village is Rs 1,500 per sq.ft for the year 2024, which is above the current value of Sri Ragavendra Colony.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 90,000, based on a guideline value of Rs 10,00,000.

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

The Sub Registrar Office for Sri Ragavendra Colony is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.