Guideline Value for RANGA NAGAR YMCA STREET

Ranga Nagar Ymca Street guideline value

The current guideline value of Ranga Nagar Ymca Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ranga Nagar Ymca Street has changed

The guideline value for Ranga Nagar Ymca Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was then reduced to Rs 1,541 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,300 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 established the guideline value at Rs 2,530 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, which matches the current guideline value of Ranga Nagar Ymca Street.

• Ranga Nagar Extn: Rs 2,200 per sq.ft (2024)
• Ranga Nagar 1 To 3 Streets: Rs 2,200 per sq.ft (2024)
• Ranga Nagar: Rs 2,200 per sq.ft (2024)
• Rangaswamy Street: Rs 1,980 per sq.ft (2024)
• Ramaswamy Street: Rs 2,160 per sq.ft (2024)
• Ramasamy 1st Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Ranga Nagar Ymca Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranga Nagar Ymca Street?

The Sub Registrar Office that covers Ranga Nagar Ymca Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration 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 Ranga Nagar Ymca Street?

The current guideline value of Ranga Nagar Ymca Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, marking a 10% increase. It was Rs 1,541 per sq.ft in 2017, which was a 49% increase from the previous revision.

What are the other streets in Kilkattalai with their guideline values?

Other streets in Kilkattalai include Ranga Nagar Extn at Rs 2,200 per sq.ft, Ranga Nagar 1 To 3 Streets at Rs 2,200 per sq.ft, and Rangaswamy Street at Rs 1,980 per sq.ft, among others.

What is the stamp duty rate for properties in Ranga Nagar Ymca Street?

The stamp duty rate for properties in Ranga Nagar Ymca Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ranga Nagar Ymca Street?

The Sub Registrar Office for Ranga Nagar Ymca Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details online.