Guideline Value for RANGARAJAPURAM COLONY 1ST STREET

Rangarajapuram Colony 1st Street guideline value

The current guideline value for Rangarajapuram Colony 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Rangarajapuram Colony 1st Street has changed

The guideline value for Rangarajapuram Colony 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 1,060 per sq.ft, which increased to Rs 1,164 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 1,800 per sq.ft in 2007, representing a 55% change. By 2012, the value remained at Rs 6,500 per sq.ft, and this figure was unchanged until 2023.

The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, reflecting a 9% increase from the 2023 figure of Rs 6,500 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 570%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Rangarajapuram Colony 1st Street above this median.

• Rangarajapuram Colony 2nd Street: Rs 7,100 per sq.ft (2024)
• Rangarajapuram Colony 3rd Street: Rs 7,100 per sq.ft (2024)
• Rangarajapuram Main Road: Rs 8,000 per sq.ft (2024)
• Rathinammal 1st Street, Aminjikarai: Rs 7,100 per sq.ft (2024)
• Rathinammal 2nd Street, Aminjikarai: Rs 7,100 per sq.ft (2024)
• Rathinammal Street, Kodambakkam: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rangarajapuram Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 71,00,000. The stamp duty, charged at 7%, would be Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rangarajapuram Colony 1st Street?

The Sub Registrar Office that covers Rangarajapuram Colony 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately according to government regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the registration reflects the true value of the property.

Frequently asked questions

What is the current guideline value for Rangarajapuram Colony 1st Street?

The current guideline value for Rangarajapuram Colony 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,060 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, showing an overall increase of 570%.

What are the stamp duty rates for properties in Rangarajapuram Colony 1st Street?

The stamp duty for properties in Rangarajapuram Colony 1st Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Rangarajapuram Colony 1st Street?

The Kodambakkam Sub Registrar Office is responsible for Rangarajapuram Colony 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Rangarajapuram Colony 1st Street?

Rangarajapuram Colony 1st Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.