Guideline Value for RANGASWAMY GARDEN

Rangaswamy Garden guideline value

The current guideline value of Rangaswamy Garden is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Rangaswamy Garden has changed

The guideline value for Rangaswamy Garden has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 670 per sq.ft. Following that, the 2023 revision maintained the same value of Rs 1,000 per sq.ft. As of the 2024 revision, the value remains unchanged at Rs 1,000 per sq.ft, indicating a 0% change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 49%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 change shows a stable value, while the jump from 2017 to 2023 reflects a significant increase of 49%.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median of Rs 700 per sq.ft. Rangaswamy Garden's 2024 figure is above this median.

• R.M. Nagar: Rs 500 per sq.ft (2024)
• Sagunthalapuram: Rs 700 per sq.ft (2024)
• Ragavendrapuram: Rs 800 per sq.ft (2024)
• Ragavendra Nagar: Rs 800 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 600 per sq.ft (2024)
• Senthil Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Rangaswamy Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rangaswamy Garden?

The Sub Registrar Office that covers Rangaswamy Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Atanancheri. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted at a fair price as per government regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Rangaswamy Garden?

The current guideline value of Rangaswamy Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,000 per sq.ft in 2023 and 2024, reflecting a 49% increase overall.

What are the other streets in Atanancheri and their guideline values?

Other streets in Atanancheri include R.M. Nagar at Rs 500 per sq.ft, Sagunthalapuram at Rs 700 per sq.ft, Ragavendrapuram and Ragavendra Nagar both at Rs 800 per sq.ft, and Pillaiyar Koil Street at Rs 600 per sq.ft.

What fees apply when registering property in Rangaswamy Garden?

When registering property in Rangaswamy Garden, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%, based on the higher of the guideline value or the sale price.

Where is the Gooduvancheri Sub Registrar Office located?

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