Guideline Value for VEERA RAGAVA Avenue

VEERA RAGAVA Avenue guideline value

The current guideline value of VEERA RAGAVA Avenue in Sembulivaram village is Rs 810 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Special Type - II.

How the guideline value of VEERA RAGAVA Avenue has changed

The guideline value for VEERA RAGAVA Avenue has undergone revisions over the years. As per the 2023 revision, the guideline value was Rs 737 per sq.ft. The most recent 2024 revision has increased this value to Rs 810 per sq.ft, marking a change of +10% from the previous year.

There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street in the register.

Guideline values in Sembulivaram

In Sembulivaram, there are 16 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 1,650 per sq.ft. The median value among these streets is Rs 1,210 per sq.ft, placing VEERA RAGAVA Avenue's 2024 figure below that median.

• Thiruvalluvar Street: Rs 1,210 per sq.ft (2024)
• Perumal Koil Street: Rs 1,210 per sq.ft (2024)
• Moogambigai Nagar: Rs 1,105 per sq.ft (2024)
• K.J. Hospital Street: Rs 550 per sq.ft (2024)
• K.J. Hospital 2nd Street: Rs 550 per sq.ft (2024)
• K.J. Hospital 1st Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in VEERA RAGAVA Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value amounts to Rs 8,10,000. The stamp duty at 7% would be Rs 56,700, and the registration fee at 2% would be Rs 16,200, bringing the total cost for these fees to Rs 72,900. Please note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers VEERA RAGAVA Avenue?

VEERA RAGAVA Avenue is covered by the Redhills Sub Registrar Office located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sembulivaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of VEERA RAGAVA Avenue?

The current guideline value of VEERA RAGAVA Avenue is Rs 810 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 737 per sq.ft in 2023 to Rs 810 per sq.ft in 2024, representing a change of +10%.

What is the land classification of VEERA RAGAVA Avenue?

VEERA RAGAVA Avenue is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property in VEERA RAGAVA Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,10,000. The stamp duty at 7% is Rs 56,700, and the registration fee at 2% is Rs 16,200, totaling Rs 72,900.

Which office handles registrations for VEERA RAGAVA Avenue?

The Redhills Sub Registrar Office handles registrations for VEERA RAGAVA Avenue, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.