Guideline Value for RANGACHARI STREET (a) RANGAN STREET

RANGACHARI STREET (a) RANGAN STREET guideline value

The current guideline value of RANGACHARI STREET (a) RANGAN STREET is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of RANGACHARI STREET (a) RANGAN STREET has changed

The guideline value for RANGACHARI STREET (a) RANGAN STREET has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 100%. However, this value decreased to Rs 670 per sq.ft in 2017, representing a decline of 33%. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and then further rose to the current value of Rs 1,110 per sq.ft in 2024, reflecting an increase of 11%.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 122%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing RANGACHARI STREET (a) RANGAN STREET's 2024 figure above the median.

• Ranga Nagar: Rs 1,100 per sq.ft (2024)
• RANGASAMY NAIKAR (a) KANNAKKAR STREET: Rs 1,110 per sq.ft (2024)
• Rayam Ramanujam Iyyengar Street: Rs 1,110 per sq.ft (2024)
• Renga Nagar: Rs 1,110 per sq.ft (2024)
• Ramachandra Nagar: Rs 775 per sq.ft (2024)
• Rajagopal Mudali Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in RANGACHARI STREET (a) RANGAN STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RANGACHARI STREET (a) RANGAN STREET?

The Sub Registrar Office that covers RANGACHARI STREET (a) RANGAN STREET is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Mathuranthagam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are required during the transaction process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly within the official records. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of RANGACHARI STREET (a) RANGAN STREET?

The current guideline value of RANGACHARI STREET (a) RANGAN STREET is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 122% over the years.

What is the land classification for RANGACHARI STREET (a) RANGAN STREET?

The land classification for RANGACHARI STREET (a) RANGAN STREET is Residential Special Type - I.

Where can I find the registration office for RANGACHARI STREET (a) RANGAN STREET?

The registration office for RANGACHARI STREET (a) RANGAN STREET is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mathuranthagam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 11,10,000, the stamp duty would be 7% of that amount.