Guideline Value for RANGATHAN GARDEN

Rangathan Garden guideline value

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

How the guideline value of Rangathan Garden has changed

The guideline value for Rangathan Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, up from Rs 1,000 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. The change from 2012 to 2017 was a decrease of -33%.

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 carrying a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Rangathan Garden is below this median.

• Rangasamy Street: Rs 1,100 per sq.ft (2024)
• Rangasamy Cross Street: Rs 1,100 per sq.ft (2024)
• RANGASAMY 2nd STREET: Rs 1,100 per sq.ft (2024)
• RANGASAMY 2nd CROSS STREET: Rs 1,100 per sq.ft (2024)
• RANGASAMY 1st STREET: Rs 1,100 per sq.ft (2024)
• Ranganathan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rangathan Garden

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

Which Sub Registrar Office covers Rangathan Garden?

The Sub Registrar Office that covers Rangathan Garden 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

The guideline value plays a crucial role in property transactions in Karapakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value ensures that the government collects appropriate taxes based on the value of the property being transferred.

When selling a property, the guideline value helps establish a baseline for negotiations. It provides a reference point for both buyers and sellers, ensuring that the transaction is in line with the prevailing market standards as determined by the government.

Frequently asked questions

What is the current guideline value of Rangathan Garden?

The current guideline value of Rangathan Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revisions occurring in 2024, 2023, 2017, and 2012 for Rangathan Garden.

What was the guideline value in 2017?

The guideline value for Rangathan Garden in 2017 was Rs 670 per sq.ft.

Is there a guideline value for Rangathan Garden in 2002, 2003, or 2007?

The register has no figures for Rangathan Garden for the years 2002, 2003, and 2007.

Where can I find the Neelankarai Sub Registrar Office?

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