Guideline Value for RANGASWAMY NAGAR

Rangaswamy Nagar guideline value

The current guideline value of Rangaswamy Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Allappakkam village under the Chengleput Joint I SRO, classified as Residential Special Type - II.

How the guideline value of Rangaswamy Nagar has changed

Since the 2012 revision, the guideline value has seen various changes. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,200 per sq.ft. The 2017 revision marked a decrease to Rs 804 per sq.ft, and there are no figures available for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, returning to Rs 1,200 per sq.ft in 2023. The latest revision in 2024 maintains this value, showing no percentage change from the previous year. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 1,200 per sq.ft.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, positioning Rangaswamy Nagar's 2024 figure above that median.

• Rish Hill View co-Operative Nagar: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-I: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-II: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-III: Rs 800 per sq.ft (2024)
• Roja Garden: Rs 1,102 per sq.ft (2024)
• Sai Kiruba Nagar: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Rangaswamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rangaswamy Nagar?

The Sub Registrar Office that covers Rangaswamy Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Allappakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When purchasing or selling property, the guideline value helps to maintain transparency in transactions. Buyers and sellers must consider this value to understand the financial implications of their property dealings accurately.

Frequently asked questions

What is the current guideline value of Rangaswamy Nagar?

The current guideline value of Rangaswamy Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since 2012, with a significant increase of 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification of Rangaswamy Nagar?

Rangaswamy Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Rangaswamy Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Rangaswamy Nagar?

The Chengleput Joint I Sub Registrar Office is responsible for property registrations in Rangaswamy Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.