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Guideline Value

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Guideline Value for Ranga Colony 1st Cross Street

₹1900/sq.ft.

The guideline value for Ranga Colony 1st Cross Street in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ranga Colony 1st Cross Street

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Ranga Colony 1st Cross Street guideline value

The current guideline value of Ranga Colony 1st Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Ranga Colony 1st Cross Street has changed

The guideline value for Ranga Colony 1st Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, up from Rs 1,800 per sq.ft in 2023, marking a 6% increase. Prior to that, the value was Rs 1,206 per sq.ft in 2017, which shows a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. This reflects the changes in valuation over the years, with the current value being the highest recorded for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Ranga Colony 1st Cross Street is below this median.

Stamp duty and registration fee for property in Ranga Colony 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ranga Colony 1st Cross Street?

The Sub Registrar Office that covers Ranga Colony 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Chembakkam. It serves as a benchmark for determining the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must be aware of the current guideline values, as these will influence the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Ranga Colony 1st Cross Street?

The current guideline value of Ranga Colony 1st Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, which is a 6% increase. It was Rs 1,206 per sq.ft in 2017, showing an increase of 49% to the 2023 figure.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office should I visit for transactions in Ranga Colony 1st Cross Street?

The Selaiyur Sub Registrar Office covers Ranga Colony 1st Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Ranga Colony 1st Cross Street?

Ranga Colony 1st Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.