Guideline Value for Ranga Colony (alies) Rangaiya Colony

Ranga Colony (alies) Rangaiya Colony guideline value

The current guideline value of Ranga Colony (alies) Rangaiya Colony is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Ranga Colony (alies) Rangaiya Colony has changed

The guideline value has undergone several revisions over the years. In 2007, the value was set at Rs 1,700 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 135% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a 33% drop. From 2017 to 2023, there was a substantial increase of 49%, bringing the value to Rs 4,000 per sq.ft. The latest revision in 2024 saw a further increase of 10%, setting the current guideline value at Rs 4,400 per sq.ft.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Ranga Colony (alies) Rangaiya Colony is above this median.

• Rangarajapuram Street: Rs 4,400 per sq.ft (2024)
• Rathinapuram Main: Rs 2,800 per sq.ft (2024)
• Rathinapuram Malaicharivu Street: Rs 2,800 per sq.ft (2024)
• Rathinapuram Moovarasam Pettai: Rs 2,800 per sq.ft (2024)
• Rathnapuram Yerikkarai Street: Rs 2,800 per sq.ft (2024)
• Ram Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ranga Colony (alies) Rangaiya Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty, charged at 7%, would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration would be Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ranga Colony (alies) Rangaiya Colony?

The Sub Registrar Office that covers Ranga Colony (alies) Rangaiya Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Thalakanancherry. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property registration. Understanding this value can help in planning the financial aspects of a property transaction effectively.

Frequently asked questions

What is the current guideline value of Ranga Colony (alies) Rangaiya Colony?

The current guideline value of Ranga Colony (alies) Rangaiya Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 159% over the years.

What is the land classification of Ranga Colony (alies) Rangaiya Colony?

Ranga Colony (alies) Rangaiya Colony is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Ranga Colony (alies) Rangaiya Colony?

The Sub Registrar Office for Ranga Colony (alies) Rangaiya Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated in Ranga Colony (alies) Rangaiya Colony?

Stamp duty in Ranga Colony (alies) Rangaiya Colony is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.