Guideline Value for Sri Ragavendra Garden/Enclave

Sri Ragavendra Garden/Enclave guideline value

The current guideline value of Sri Ragavendra Garden/Enclave is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village under the Padappai SRO, classified as Residential Class IV Type - I.

How the guideline value of Sri Ragavendra Garden/Enclave has changed

The guideline value for Sri Ragavendra Garden/Enclave has seen several revisions over the years. The earliest recorded figure is Rs 200 per sq.ft in 2007. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, the value decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The next revision in 2023 brought the value back up to Rs 1,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Between the revisions, the guideline value has changed as follows: from 2017 to 2023, it increased by 49%, and from 2007 to 2024, the overall increase is 560%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, the guideline values vary across 411 streets under the Padappai SRO, with the 2024 figures ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing Sri Ragavendra Garden/Enclave's 2024 value below that median.

• Sri Raghavendra Avenue: Rs 1,980 per sq.ft (2024)
• Sri Raghavendra Enclave: Rs 1,980 per sq.ft (2024)
• Sri Raghavendra Nagar: Rs 1,980 per sq.ft (2024)
• Sri Rajarajeshwari Extn -II: Rs 2,310 per sq.ft (2024)
• Sri Rajarajeswari Nagar Extension - I: Rs 2,310 per sq.ft (2024)
• Sri Rajeshwari Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ragavendra Garden/Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 Garden/Enclave?

The Sub Registrar Office that covers Sri Ragavendra Garden/Enclave is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure transparency and fairness in the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Ragavendra Garden/Enclave?

The current guideline value of Sri Ragavendra Garden/Enclave is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, representing an overall increase of 560% over the years.

What is the guideline value per sq.ft for other streets in Perungalathur?

Other streets in Perungalathur have varying guideline values, with rates ranging from Rs 1,320 to Rs 5,500 per sq.ft as of 2024.

What are the stamp duty and registration fees for properties in Sri Ragavendra Garden/Enclave?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office do I contact for registration in Sri Ragavendra Garden/Enclave?

The Padappai Sub Registrar Office covers Sri Ragavendra Garden/Enclave, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.