Guideline Value for RANGASAMY NAIKAR (a) KANNAKKAR STREET

RANGASAMY NAIKAR (a) KANNAKKAR STREET guideline value

The current guideline value for RANGASAMY NAIKAR (a) KANNAKKAR STREET is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of RANGASAMY NAIKAR (a) KANNAKKAR STREET has changed

The guideline value for RANGASAMY NAIKAR (a) KANNAKKAR STREET has seen several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable increase of 471%. However, the value then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The subsequent revision in 2023 brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 has set it at Rs 1,110 per sq.ft, reflecting an increase of 11% from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has risen by 534%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, and RANGASAMY NAIKAR (a) KANNAKKAR STREET's 2024 figure is above this median.

• Ranga Nagar: Rs 1,100 per sq.ft (2024)
• Rayam Ramanujam Iyyengar Street: Rs 1,110 per sq.ft (2024)
• RANGACHARI STREET (a) RANGAN STREET: Rs 1,110 per sq.ft (2024)
• Renga Nagar: Rs 1,110 per sq.ft (2024)
• Ramachandra Nagar: Rs 775 per sq.ft (2024)
• Rajagopal Mudali Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in RANGASAMY NAIKAR (a) KANNAKKAR STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total fees together to Rs 99,900. 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 RANGASAMY NAIKAR (a) KANNAKKAR STREET?

The Sub Registrar Office that covers RANGASAMY NAIKAR (a) KANNAKKAR STREET is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Mathuranthagam. When a property is bought or sold, the guideline value helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it serves as a benchmark for property transactions. This value is updated periodically, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value for RANGASAMY NAIKAR (a) KANNAKKAR STREET?

The current guideline value for RANGASAMY NAIKAR (a) KANNAKKAR STREET is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, showing an overall increase of 534% over the years. The value has seen both increases and decreases across various revisions.

What is the registration office for this street?

The registration office for RANGASAMY NAIKAR (a) KANNAKKAR STREET is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 11,10,000 would incur a stamp duty of Rs 77,700 at a rate of 7%.

What are the other streets in Mathuranthagam with similar guideline values?

Other streets in Mathuranthagam with similar guideline values include Ranga Nagar, Rayam Ramanujam Iyyengar Street, RANGACHARI STREET (a) RANGAN STREET, Renga Nagar, and Rajagopal Mudali Street, all of which have a guideline value of Rs 1,110 per sq.ft in 2024.