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Guideline Value

Corporate

Guideline Value for Ranga Nagar 3rd Main Road

₹2420/sq.ft.

The guideline value for Ranga Nagar 3rd 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 3rd Main Road

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Ranga Nagar 3rd Main Road guideline value

The current guideline value of Ranga Nagar 3rd Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Ranga Nagar 3rd Main Road has changed

The guideline value for Ranga Nagar 3rd Main Road has seen significant changes over the years. In 2003, the guideline value was Rs 238 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a 47% rise. By 2017, the value had surged to Rs 1,474 per sq.ft, reflecting a 321% increase from the 2007 figure. The 2023 revision set the value at Rs 2,200 per sq.ft, which was a 49% increase from 2017.

The most recent revision in 2024 has set the guideline value at Rs 2,420 per sq.ft, representing a 10% increase from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by 917%. It is important to note that there are no figures available for the years 2002 and 2012 for this street.

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 figure for Ranga Nagar 3rd Main Road.

Stamp duty and registration fee for property in Ranga Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400. Together, the total cost for stamp duty and registration fee would be Rs 2,17,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranga Nagar 3rd Main Road?

The Sub Registrar Office that covers Ranga Nagar 3rd Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 the registration process of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the property transfer.

Frequently asked questions

What is the current guideline value of Ranga Nagar 3rd Main Road?

The current guideline value of Ranga Nagar 3rd Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 24,20,000, the total fees would amount to Rs 2,17,800.

Which office handles property registration for Ranga Nagar 3rd Main Road?

The Pammal Sub Registrar Office handles property registration for Ranga Nagar 3rd Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees during a transaction in Thiruneermalai.