Guideline Value for Sri Ragavendra Nagar
₹250/sq.ft.
The guideline value for Sri Ragavendra Nagar in Katrampakkam village (Sriperumpudur SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Katrampakkam
Village
Sriperumpudur
SRO
Residential Class III Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sri Ragavendra Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Ragavendra Nagar guideline value
The current guideline value of Sri Ragavendra Nagar, located in Katrampakkam village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.
How the guideline value of Sri Ragavendra Nagar has changed
Over the years, the guideline value of Sri Ragavendra Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the value increased by 50% to Rs 250 per sq.ft, and this value has been retained in the 2024 revision, showing no change from the previous year.
It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes in guideline values are only reflected from the revisions in 2012, 2017, 2023, and 2024.
Guideline values in Katrampakkam
In Katrampakkam, there are 41 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, which is the same as the current guideline value for Sri Ragavendra Nagar.
- Sri Mangadu Kamatchi Nagar: Rs 250 per sq.ft (2024)
- Sri Eswara Nagar: Rs 400 per sq.ft (2024)
- Sri Bangaru Kamachi Amman Nagar: Rs 250 per sq.ft (2024)
- Sundara Anjaneya Nagar: Rs 800 per sq.ft (2024)
- Sundara Moorthy Nagar: Rs 400 per sq.ft (2024)
- Sifea Nagar: Rs 250 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 250 per sq.ft, the total guideline value amounts to 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, bringing the total fees to 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 precise calculations.
Which Sub Registrar Office covers Sri Ragavendra Nagar?
The Sub Registrar Office that covers Sri Ragavendra Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Katrampakkam
The guideline value plays a crucial role in property transactions in Katrampakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the appropriate revenue based on the established values for different areas.
Additionally, the guideline value helps in assessing the fair value of properties in the region. Buyers and sellers can refer to these values to make informed decisions during the registration process, ensuring compliance with local regulations.
Frequently asked questions
What is the current guideline value of Sri Ragavendra Nagar?
The current guideline value of Sri Ragavendra Nagar is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value of Sri Ragavendra Nagar has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024.
What is the land classification for Sri Ragavendra Nagar?
Sri Ragavendra Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.
Where can I find the Sub Registrar Office for Sri Ragavendra Nagar?
The Sub Registrar Office covering Sri Ragavendra Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
How is the stamp duty calculated for properties in Sri Ragavendra Nagar?
Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a stamp duty of Rs 17,500.
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