Guideline Value for RANJITHAM NAGAR(S.NO170/2A)

Ranjitham Nagar(S.No170/2a) guideline value

The current guideline value of Ranjitham Nagar(S.No170/2a) is Rs 200 per sq.ft. This property is located in Puliyur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ranjitham Nagar(S.No170/2a) has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. However, in the 2017 revision, it decreased to Rs 134 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 200 per sq.ft, representing a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 200 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Puliyur

No specific village figures are available for Puliyur. Ranjitham Nagar(S.No170/2a) is one of the streets in Puliyur under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Ranjitham Nagar(S.No170/2a)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranjitham Nagar(S.No170/2a)?

The Sub Registrar Office that covers Ranjitham Nagar(S.No170/2a) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Puliyur. It serves as a benchmark for calculating the costs associated with property transactions, ensuring that both buyers and sellers are aware of the financial implications involved.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ranjitham Nagar(S.No170/2a)?

The current guideline value of Ranjitham Nagar(S.No170/2a) is Rs 200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased back to Rs 200 per sq.ft in 2023. Overall, from 2012 to 2023, the guideline value has remained the same.

What is the stamp duty for property in Ranjitham Nagar(S.No170/2a)?

The stamp duty for property in Ranjitham Nagar(S.No170/2a) is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 14,000 based on the current guideline value.

Where is the Sub Registrar Office for Ranjitham Nagar(S.No170/2a)?

The Sub Registrar Office covering Ranjitham Nagar(S.No170/2a) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What is the land classification for Ranjitham Nagar(S.No170/2a)?

The land classification for Ranjitham Nagar(S.No170/2a) is Residential Class II Type - III, indicating its designation for residential use.