Guideline Value for VEERA RAGAV NAGAR

Veera Ragav Nagar guideline value

The current guideline value of Veera Ragav Nagar is Rs 300 per sq.ft as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - II.

How the guideline value of Veera Ragav Nagar has changed

The guideline value for Veera Ragav Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. However, this figure dropped to Rs 201 per sq.ft in the 2017 revision. The most recent revision in 2023 saw a significant increase to Rs 300 per sq.ft, marking a 49% rise from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value remained unchanged at Rs 300 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. The guideline value for Veera Ragav Nagar is Rs 300 per sq.ft. There are no other streets in Thozhuvur listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Veera Ragav Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veera Ragav Nagar?

The Sub Registrar Office that covers Veera Ragav Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thozhuvur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees reflect the value of the property being transferred.

When buying or selling property, it's essential to be aware of the current guideline value, as it influences the overall cost of the transaction. Buyers should ensure that they are prepared for these fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Veera Ragav Nagar?

The current guideline value of Veera Ragav Nagar is Rs 300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then increased back to Rs 300 per sq.ft in 2023.

What is the land classification of Veera Ragav Nagar?

Veera Ragav Nagar is classified as Residential Class III Type - II.

Where is the Sub Registrar Office for Veera Ragav Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 27,000.