Guideline Value for RANGA NADHAR STREET

Ranga Nadhar Street guideline value

The current guideline value of Ranga Nadhar Street in Podaturpet village, under the Pallipattu SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Ranga Nadhar Street has changed

In the 2017 revision, the guideline value for Ranga Nadhar Street was Rs 167 per sq.ft. This figure increased by 50% to Rs 250 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, showing a 0% change from 2023 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The consistent value of Rs 250 per sq.ft in both the 2023 and 2024 revisions indicates stability in the guideline value during this period.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the guideline value of Ranga Nadhar Street.

• Puduur Village: Rs 202 per sq.ft (2024)
• Savatur (Or) Narayanareddykandugai: Rs 126 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 250 per sq.ft (2024)
• Pillai Paliyam Street: Rs 250 per sq.ft (2024)
• Silambu Paliyam Street: Rs 250 per sq.ft (2024)
• Ootha Vadai Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ranga Nadhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the 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 Ranga Nadhar Street?

The Sub Registrar Office that covers Ranga Nadhar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Ranga Nadhar Street?

The current guideline value of Ranga Nadhar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What is the land classification for Ranga Nadhar Street?

Ranga Nadhar Street is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

Where is the Sub Registrar Office for Ranga Nadhar Street located?

The Sub Registrar Office for Ranga Nadhar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is stamp duty calculated for properties in Podaturpet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty at 7% would be Rs 17,500.