Guideline Value for RANGA NAGAR

Ranga Nagar guideline value

The current guideline value of Ranga Nagar is Rs 450 per sq.ft. This area is located in Putlur village and falls under the Tiruvallur Joint 1 SRO. The land classification is Residential Class I Type - III.

How the guideline value of Ranga Nagar has changed

The guideline value for Ranga Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 450 per sq.ft. This figure remained unchanged until the 2017 revision, where it was reduced to Rs 301 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 450 per sq.ft, which represents a 50% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 450 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Putlur

Currently, there are no specific village figures provided for Putlur. Ranga Nagar is one of the streets under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Ranga Nagar

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total to Rs 40,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ranga Nagar?

The Sub Registrar Office that covers Ranga Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Putlur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ranga Nagar?

The current guideline value of Ranga Nagar is Rs 450 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, and then back to Rs 450 per sq.ft in 2023. This shows a decrease of 33% from 2012 to 2017, followed by a 50% increase from 2017 to 2023.

What is the stamp duty for property in Ranga Nagar?

The stamp duty for property in Ranga Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 31,500.

Where is the Sub Registrar Office for Ranga Nagar located?

The Sub Registrar Office for Ranga Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Is there a guideline value for the year 2024 for Ranga Nagar?

The register has no figure for the year 2024 for Ranga Nagar, so the current guideline value remains Rs 450 per sq.ft from the 2023 revision.