Guideline Value for RANGANATHAN AVENUE

Ranganathan Avenue guideline value

The current guideline value of Ranganathan Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Ranganathan Avenue has changed

The guideline value for Ranganathan Avenue has seen several revisions over the years. In the 2012 revision, the value was Rs 4,000 per sq.ft. This figure was then reduced to Rs 2,680 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figure for Ranganathan Avenue for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Ranganathan Avenue's 2024 figure above this median.

• Ranganathan, Neela Garden: Rs 1,100 per sq.ft (2024)
• Ramu, Raja Manickam Thottam: Rs 1,100 per sq.ft (2024)
• Ramu Kannan Gunasekaran Garden: Rs 1,100 per sq.ft (2024)
• Ramu Garden: Rs 1,100 per sq.ft (2024)
• Ramasubramanian Garden: Rs 1,100 per sq.ft (2024)
• Rice Mill Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ranganathan Avenue?

The Sub Registrar Office that covers Ranganathan Avenue 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 Uthandi

The guideline value is a critical factor during the registration of property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the fees are calculated accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ranganathan Avenue?

The current guideline value of Ranganathan Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Ranganathan Avenue?

The land classification for Ranganathan Avenue is Residential Special Type - III.

What are the stamp duty and registration fees for properties in Ranganathan Avenue?

For a 1,000 sq.ft property, the total guideline value would be Rs 44,00,000. The stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Ranganathan Avenue located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.