Guideline Value

Corporate

Guideline Value for Kaveri Rangan Street

₹5500/sq.ft.

The guideline value for Kaveri Rangan Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
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

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kaveri Rangan Street

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Kaveri Rangan Street guideline value

The current guideline value of Kaveri Rangan Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kaveri Rangan Street has changed

The guideline value of Kaveri Rangan Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,350 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this value decreased to Rs 3,350 per sq.ft in 2017. Following this, the 2023 revision brought the value up to Rs 5,000 per sq.ft, and the latest 2024 revision set it at Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 307%. Notably, there are no figures available for the revisions in 2002 and 2003 for Kaveri Rangan Street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft as of 2024. The median value for these streets is Rs 4,400 per sq.ft, placing Kaveri Rangan Street's 2024 value above this median.

Stamp duty and registration fee for property in Kaveri Rangan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kaveri Rangan Street?

The Kaveri Rangan Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Saligramam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the appropriate taxes are paid based on the property's value.

When buying or selling property, understanding the guideline value helps both parties in determining the financial obligations associated with the transaction. It is essential for compliance with local regulations and for a smooth registration process.

Frequently asked questions

What is the current guideline value of Kaveri Rangan Street?

The current guideline value of Kaveri Rangan Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,350 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 307% over this period.

What is the stamp duty for property in Kaveri Rangan Street?

The stamp duty for a property valued at Rs 55,00,000 would be Rs 3,85,000, calculated at 7% of the guideline value.

Which Sub Registrar Office handles registrations for Kaveri Rangan Street?

The Virugambakkam Sub Registrar Office handles registrations for Kaveri Rangan Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Saligramam?

The median guideline value for streets in Saligramam is Rs 4,400 per sq.ft, with Kaveri Rangan Street's value of Rs 5,500 per sq.ft being above this median.