Guideline Value for Sri Ragavendra Nagar

Sri Ragavendra Nagar guideline value

The current guideline value of Sri Ragavendra Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Ragavendra Nagar has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This figure remained the same in the 2023 revision, where it was also Rs 250 per sq.ft. The most recent 2024 revision has kept the value at Rs 250 per sq.ft, showing no change from the previous year. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a 50% increase in the guideline value, while the overall change from 2017 to 2024 is also a 50% increase. The guideline value has remained stable from 2023 to 2024, with no percentage change.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Sri Ragavendra Nagar's 2024 figure below that median.

• 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 rate of Rs 250 per sq.ft, the 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, making the total Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

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 additional information.

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

The guideline value is an essential factor in the registration process of property transactions in Katrampakkam B. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, both the buyer and seller should be aware of the guideline value as it affects the overall cost of the transaction. It is advisable to check the current guideline value before proceeding with any property dealings to ensure 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 has remained the same at Rs 250 per sq.ft from 2023 to 2024. It increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification of Sri Ragavendra Nagar?

Sri Ragavendra Nagar is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

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

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

How is the stamp duty calculated for property in Sri Ragavendra Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at 7% and a registration fee of Rs 5,000 at 2%.