Guideline Value

Corporate

Guideline Value for RANGASAMY 1st STREET

₹1100/sq.ft.

The guideline value for Rangasamy 1st Street in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karapakkam

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rangasamy 1st Street

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RANGASAMY 1st STREET guideline value

The current guideline value of RANGASAMY 1st STREET is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of RANGASAMY 1st STREET has changed

Since the 2012 revision, the guideline value for RANGASAMY 1st STREET has seen several changes. In 2012, the value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, indicating that RANGASAMY 1st STREET's 2024 figure is below that median.

Stamp duty and registration fee for property in RANGASAMY 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RANGASAMY 1st STREET?

The Sub Registrar Office that covers RANGASAMY 1st STREET 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 Karapakkam

When buying or selling property in Karapakkam, the guideline value is a crucial factor as it determines the amount of stamp duty and registration fees that need to be paid. This value is set by the government and is used to ensure that property transactions are conducted at a fair rate.

At the time of registration, buyers and sellers must refer to the guideline value to calculate the applicable fees. The guideline value serves as a benchmark for property transactions, ensuring transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of RANGASAMY 1st STREET?

The current guideline value of RANGASAMY 1st STREET is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for RANGASAMY 1st STREET?

RANGASAMY 1st STREET is classified as Residential Class III Type - I under the Neelankarai SRO.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for RANGASAMY 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in RANGASAMY 1st STREET?

Stamp duty for properties in RANGASAMY 1st STREET is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, leading to a stamp duty of Rs 77,000 at 7%.