Guideline Value for CHIEF COMMISSIONER RANGANATHAN NAGAR PHASE -I

Chief Commissioner Ranganathan Nagar Phase -I guideline value

The current guideline value of Chief Commissioner Ranganathan Nagar Phase -I is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Enjur village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chief Commissioner Ranganathan Nagar Phase -I has changed

Over the years, the guideline value for Chief Commissioner Ranganathan Nagar Phase -I has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. The value then increased to Rs 100 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2012 to 2024, the overall change is 0%, indicating that the value has returned to its previous level after fluctuations. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjur

In Enjur village, five streets under the Ponneri SRO carry a 2024 guideline value, all set at Rs 100 per sq.ft, which is also the median value for the area. Chief Commissioner Ranganathan Nagar Phase -I's 2024 figure is equal to this median.

• Chief Commissioner Ranganathan Nagar: Rs 100 per sq.ft (2024)
• Muthu Perumal Nagar: Rs 100 per sq.ft (2024)
• New Star City Mini Ooty: Rs 100 per sq.ft (2024)
• Sri Pokkaliamman Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Chief Commissioner Ranganathan Nagar Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. 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 Chief Commissioner Ranganathan Nagar Phase -I?

The Chief Commissioner Ranganathan Nagar Phase -I falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value serves as a benchmark for calculating these fees, ensuring that both the buyer and seller adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value for Chief Commissioner Ranganathan Nagar Phase -I?

The current guideline value for Chief Commissioner Ranganathan Nagar Phase -I is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with the most recent values being Rs 100 per sq.ft in 2023 and 2024, compared to Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012.

What is the registration office for Chief Commissioner Ranganathan Nagar Phase -I?

The registration office for Chief Commissioner Ranganathan Nagar Phase -I is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Chief Commissioner Ranganathan Nagar Phase -I is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about guideline values in Enjur?

More information about guideline values in Enjur can be found through the Registration Department's guideline value register (TNReginet) or by visiting the respective links for each street.