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Guideline Value

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Guideline Value for Ranga Nagar 2nd Main Road

₹2420/sq.ft.

The guideline value for Ranga Nagar 2nd 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 2nd Main Road

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Ranga Nagar 2nd Main Road guideline value

The current guideline value for Ranga Nagar 2nd 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, classified as Residential Class I Type - I.

How the guideline value of Ranga Nagar 2nd Main Road has changed

The guideline value for Ranga Nagar 2nd Main Road has seen significant changes over the years. In 2003, the guideline value was Rs 238 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 47% rise. The value then surged to Rs 1,474 per sq.ft in 2017, representing a substantial increase of 321%. By 2023, the value further rose to Rs 2,200 per sq.ft, a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, reflecting a 10% increase from 2023.

The register has no figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 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 guideline value for these streets is Rs 2,420 per sq.ft, which is equal to the current value for Ranga Nagar 2nd Main Road.

Stamp duty and registration fee for property in Ranga Nagar 2nd 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 amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ranga Nagar 2nd Main Road?

The Sub Registrar Office that covers Ranga Nagar 2nd 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 when registering property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing the sale price for registration purposes. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ranga Nagar 2nd Main Road?

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

How much has the guideline value changed over the years?

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

What are the stamp duty and registration fees for property in Ranga Nagar 2nd Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,17,800.

Which Sub Registrar Office covers Ranga Nagar 2nd Main Road?

The Pammal Sub Registrar Office covers Ranga Nagar 2nd Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Ranga Nagar 2nd Main Road?

Ranga Nagar 2nd Main Road is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.