Guideline Value for RANGA THANGAIYYA NAGAR PHASE I

Ranga Thangaiyya Nagar Phase I guideline value

The current guideline value of Ranga Thangaiyya Nagar Phase I is Rs 1,250 per sq.ft. This property is located in Nelllikuppam village, under the Thiruporur SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value for Ranga Thangaiyya Nagar Phase I has remained consistent at Rs 1,250 per sq.ft since the 2023 revision, which also set the value at Rs 1,250 per sq.ft. Prior to these revisions, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

Thus, the only recorded changes are from the 2023 to the 2024 revision, which shows a change of +0%. The guideline value has not fluctuated in this period, indicating stability in the valuation for this locality.

Guideline values in Nelllikuppam

Nelllikuppam has a total of 45 streets under the Thiruporur SRO that feature a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Ranga Thangaiyya Nagar Phase I above this median.

• Ranga Thangaiyya Nagar Phase II: 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 I

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

Which Sub Registrar Office covers Ranga Thangaiyya Nagar Phase I?

The Sub Registrar Office that covers Ranga Thangaiyya Nagar Phase I 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 plays a crucial role when buying or selling property in Nelllikuppam. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the minimum value for taxation purposes.

When a property transaction occurs, the registration office uses the guideline value to determine the applicable fees. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

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

The current guideline value of Ranga Thangaiyya Nagar Phase I is Rs 1,250 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,250 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Ranga Thangaiyya Nagar Phase I?

The land classification for Ranga Thangaiyya Nagar Phase I is Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 12,50,000, the stamp duty is Rs 87,500 and the registration fee is Rs 25,000, totaling Rs 1,12,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ranga Thangaiyya Nagar Phase I?

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