Guideline Value for RANGARAJAN AVENUE

Rangarajan Avenue guideline value

The current guideline value of Rangarajan Avenue is Rs 2,000 per sq.ft. This street is located in Mambakkam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Rangarajan Avenue has changed

The guideline value for Rangarajan Avenue has remained consistent over the years. According to the register, the 2017 revision listed the guideline value at Rs 2,000 per sq.ft, which was the same as the previous 2023 revision, indicating no change in value between these two periods.

For the years prior to 2017, the register has no figures for the revisions in 2002, 2003, 2007, and 2012. Therefore, the only recorded values for this street are from 2017 and 2023, both at Rs 2,000 per sq.ft.

Guideline values in Mambakkam

Currently, there are no specific guideline values provided for other streets in Mambakkam under the Gooduvancheri SRO. Thus, Rangarajan Avenue stands alone in this regard.

Stamp duty and registration fee for property in Rangarajan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, while the registration fee at 2% would be Rs 40,000. Together, these fees total Rs 1,80,000. It is important to note that the duty is charged on either the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rangarajan Avenue?

The Sub Registrar Office that covers Rangarajan Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can also find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Mambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the actual sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Rangarajan Avenue?

The current guideline value of Rangarajan Avenue is Rs 2,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Rangarajan Avenue has remained unchanged at Rs 2,000 per sq.ft from the 2017 revision to the 2023 revision. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Rangarajan Avenue?

The land classification for Rangarajan Avenue is categorized as Mixed Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,80,000.