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Guideline Value

Corporate

Guideline Value for Ranga Nagar 1st Main Road

₹2420/sq.ft.

The guideline value for Ranga Nagar 1st Main Road in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹238 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[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 Nagar 1st Main Road

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Ranga Nagar 1st Main Road guideline value

The current guideline value of Ranga Nagar 1st Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This road is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ranga Nagar 1st Main Road has changed

The guideline value for Ranga Nagar 1st Main Road has seen several revisions over the years. In 2003, the value was Rs 238 per sq.ft, which increased to Rs 350 per sq.ft in 2007. This marked a significant rise of 47%. The value then surged to Rs 1,474 per sq.ft in 2017, reflecting a dramatic increase of 321%. Following this, the 2023 revision set the value at Rs 2,200 per sq.ft, a 49% increase from the previous revision. The latest revision in 2024 has established the value at Rs 2,420 per sq.ft, representing a 10% rise from 2023.

There are no figures available for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 917%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value across these streets is Rs 2,420 per sq.ft, which is the same as the current value for Ranga Nagar 1st Main Road.

Stamp duty and registration fee for property in Ranga Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total charges to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ranga Nagar 1st Main Road?

The Sub Registrar Office that covers Ranga Nagar 1st Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, it is essential to consider this value as it influences the stamp duty and registration fees applicable to the transaction.

During the registration process, the guideline value helps ensure that the property is not undervalued. It provides a standard that protects both buyers and sellers, ensuring that the transaction reflects the prevailing market conditions.

Frequently asked questions

What is the current guideline value of Ranga Nagar 1st Main Road?

The current guideline value of Ranga Nagar 1st Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 238 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 917% over this period.

What is the land classification of Ranga Nagar 1st Main Road?

Ranga Nagar 1st Main Road is classified as Residential Class I Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ranga Nagar 1st Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 1,69,400.