Guideline Value for Sri Ragavendra Garden

Sri Ragavendra Garden guideline value

The current guideline value of Sri Ragavendra Garden is Rs 250 per sq.ft. This area is located in Nariyampakkam village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Ragavendra Garden has changed

The guideline value for Sri Ragavendra Garden has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the 2017 revision, but prior to that, the 2017 revision had increased the value to Rs 167 per sq.ft. The 2023 revision also maintained the value at Rs 250 per sq.ft, and the most recent 2024 revision has kept it the same at Rs 250 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, there was an increase of 50%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Nariyampakkam

Nariyampakkam has 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the guideline value of Sri Ragavendra Garden.

• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• S.M. Nagar: Rs 400 per sq.ft (2024)
• Thangam Nagar: Rs 250 per sq.ft (2024)
• Seenivasa Nagar: Rs 250 per sq.ft (2024)
• Ramadoss street: Rs 250 per sq.ft (2024)
• Vijaya Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ragavendra Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. 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?

The Sub Registrar Office that covers Sri Ragavendra Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nariyampakkam. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the overall cost of the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties adhere to the legal requirements set by the Registration Department. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Sri Ragavendra Garden?

The current guideline value of Sri Ragavendra Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 250 per sq.ft from 2012 to 2024, with a decrease of 33% from 2012 to 2017, and a subsequent increase of 50% from 2017 to 2023.

What is the registration office for Sri Ragavendra Garden?

The registration office for Sri Ragavendra Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

The stamp duty is 7% and the registration fee is 2% based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 22,500.

Are there other streets with different guideline values in Nariyampakkam?

Yes, there are other streets in Nariyampakkam with varying guideline values, ranging from Rs 250 to Rs 600 per sq.ft, with the median being Rs 250 per sq.ft.