Guideline Value for RANGA THANGAIYYA NAGAR PHASE II

Ranga Thangaiyya Nagar Phase II guideline value

The current guideline value of Ranga Thangaiyya Nagar Phase II is Rs 1,250 per sq.ft. This locality is situated in Nelllikuppam village, under the Thiruporur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ranga Thangaiyya Nagar Phase II has changed

According to the guideline value register, there are no figures available for Ranga Thangaiyya Nagar Phase II for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 1,250 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024.

Thus, the guideline value has seen no percentage change from 2023 to 2024, remaining at Rs 1,250 per sq.ft throughout these revisions.

Guideline values in Nelllikuppam

In Nelllikuppam, there are 45 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Ranga Thangaiyya Nagar Phase II is above this median.

• Ranga Thangaiyya Nagar Phase I: Rs 1,250 per sq.ft (2024)
• Ranga Thangaiyya Nagar Phase III: Rs 1,250 per sq.ft (2024)
• Royal Enclave: Rs 1,250 per sq.ft (2024)
• Pristine Garden: Rs 1,200 per sq.ft (2024)
• Serasa Commercial Zone: Rs 1,500 per sq.ft (2024)
• Sri Mangalambigai Nagar: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Ranga Thangaiyya Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, resulting in a total of Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranga Thangaiyya Nagar Phase II?

The Sub Registrar Office that covers Ranga Thangaiyya Nagar Phase II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nelllikuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and final sale agreements. It is essential to be aware of the guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Ranga Thangaiyya Nagar Phase II?

The current guideline value of Ranga Thangaiyya Nagar Phase II is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for Ranga Thangaiyya Nagar Phase II in the revisions for the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained unchanged at Rs 1,250 per sq.ft from 2023 to 2024.

What is the classification of Ranga Thangaiyya Nagar Phase II?

Ranga Thangaiyya Nagar Phase II is classified as Residential Class I Type - II, indicating its designation for residential purposes within the locality.

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

In addition to Ranga Thangaiyya Nagar Phase II, other streets in Nelllikuppam include Ranga Thangaiyya Nagar Phase I, Ranga Thangaiyya Nagar Phase III, Royal Enclave, Pristine Garden, Serasa Commercial Zone, and Sri Mangalambigai Nagar, each with varying guideline values.

How is the stamp duty calculated for properties in Ranga Thangaiyya Nagar Phase II?

The stamp duty for properties in Ranga Thangaiyya Nagar Phase II is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.