Guideline Value

Corporate

Guideline Value for RANGHA AVENUE

₹440/sq.ft.

The guideline value for Rangha Avenue in Minjur village (Ponneri SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Minjur

Village

Ponneri

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Rangha Avenue

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Rangha Avenue guideline value

The current guideline value of Rangha Avenue is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO, classified as Residential Class III Type - I.

How the guideline value of Rangha Avenue has changed

The guideline value for Rangha Avenue has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 268 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 440 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for Rangha Avenue in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, indicating that Rangha Avenue's 2024 figure is below this median.

Stamp duty and registration fee for property in Rangha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, the total cost for stamp duty and registration fee would be Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rangha Avenue?

The Sub Registrar Office that covers Rangha Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Minjur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that both parties are aware of the official value assigned to the property, which is used for taxation purposes.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Rangha Avenue?

The current guideline value of Rangha Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for a property in Rangha Avenue?

For a 1,000 sq.ft property at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office should I visit for Rangha Avenue?

The Ponneri Sub Registrar Office covers Rangha Avenue. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value determined for properties in Minjur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and the prevailing market conditions. It is revised periodically to reflect changes in property values.