Guideline Value for RANGARAJAPURAM MAIN ROAD

Rangarajapuram Main Road guideline value

The current guideline value of Rangarajapuram Main Road is Rs 8,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Rangarajapuram Main Road has changed

Over the years, the guideline value of Rangarajapuram Main Road has seen significant changes. In 2002, the guideline value was Rs 1,210 per sq.ft. This increased to Rs 1,329 per sq.ft in 2003, marking a 10% rise. The value further increased to Rs 2,305 per sq.ft in 2007, reflecting a substantial growth of 73%. By 2012, the guideline value reached Rs 7,300 per sq.ft, which remained unchanged until 2023.

The most recent revision in 2024 brought the guideline value to Rs 8,000 per sq.ft, a 10% increase from the previous year's Rs 7,300 per sq.ft. Notably, there is no figure available for the year 2017 in the register for this street.

Guideline values in Puliyur

In Puliyur, 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 value for these streets is Rs 5,800 per sq.ft, placing Rangarajapuram Main Road's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 8,000 per sq.ft, the total guideline value amounts to Rs 80,00,000. The stamp duty at 7% would be Rs 5,60,000, and the registration fee at 2% would be Rs 1,60,000, bringing the total to Rs 7,20,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rangarajapuram Main Road?

The Sub Registrar Office that covers Rangarajapuram Main Road is located at Kodambakkam Sub Registrar Office, 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Puliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is referenced to determine the applicable charges. Buyers should be aware that the duty is based on the higher value between the guideline and the actual sale price.

Frequently asked questions

What is the current guideline value of Rangarajapuram Main Road?

The current guideline value of Rangarajapuram Main Road is Rs 8,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2002 to Rs 8,000 per sq.ft in 2024, marking an overall increase of 561% over this period.

What is the median guideline value in Puliyur?

The median guideline value for the 648 streets in Puliyur under the Kodambakkam SRO is Rs 5,800 per sq.ft, with Rangarajapuram Main Road's value being above this median.

What are the stamp duty rates for properties in Rangarajapuram Main Road?

The stamp duty for properties is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 80,00,000, the stamp duty would be Rs 5,60,000.

Which office handles property registrations in Puliyur?

The Kodambakkam Sub Registrar Office handles property registrations for Rangarajapuram Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.