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Guideline Value

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Guideline Value for RANGA REDDY GARDEN 12th CROSS STREET

₹4200/sq.ft.

The guideline value for Ranga Reddy Garden 12th Cross Street in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 4200 per sq.ft, effective 1 July 2024. It was Rs 3750 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹4200 /sq.ft.
From 1-4-2023 ₹3750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2512 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3750 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Ranga Reddy Garden 12th Cross Street

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RANGA REDDY GARDEN 12th CROSS STREET guideline value

The current guideline value of RANGA REDDY GARDEN 12th CROSS STREET is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Special Type - V.

How the guideline value of RANGA REDDY GARDEN 12th CROSS STREET has changed

The guideline value for RANGA REDDY GARDEN 12th CROSS STREET has undergone several revisions over the years. The 2012 revision set the value at Rs 3,750 per sq.ft, which was then reduced to Rs 2,512 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value significantly increased by 49% to Rs 3,750 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 4,200 per sq.ft, marking a 12% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the 2024 guideline value for RANGA REDDY GARDEN 12th CROSS STREET above this median.

Stamp duty and registration fee for property in RANGA REDDY GARDEN 12th CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty, charged at 7%, would be Rs 2,94,000, while the registration fee at 2% would be Rs 84,000. Together, the total cost for duty and registration would be Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers RANGA REDDY GARDEN 12th CROSS STREET?

The Sub Registrar Office that covers RANGA REDDY GARDEN 12th CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Neelankarai. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives appropriate revenue from property transactions.

When selling property, the guideline value can influence the sale price, as it reflects the official valuation of the property based on its location and type. Buyers and sellers should consider the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of RANGA REDDY GARDEN 12th CROSS STREET?

The current guideline value of RANGA REDDY GARDEN 12th CROSS STREET is Rs 4,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,750 per sq.ft in 2012 to Rs 2,512 per sq.ft in 2017, then increased to Rs 3,750 per sq.ft in 2023, and finally to Rs 4,200 per sq.ft in 2024.

What is the land classification for RANGA REDDY GARDEN 12th CROSS STREET?

RANGA REDDY GARDEN 12th CROSS STREET is classified as Residential Special Type - V.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 42,00,000, the total cost for duty and registration would be Rs 3,78,000.

Which office handles registrations for RANGA REDDY GARDEN 12th CROSS STREET?

The Neelankarai Sub Registrar Office handles registrations for RANGA REDDY GARDEN 12th CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.