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Guideline Value

Corporate

Guideline Value for Ranga Nagar 3rd Street

₹2420/sq.ft.

The guideline value for Ranga Nagar 3rd Street 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 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)

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 Street

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Ranga Nagar 3rd Street guideline value

The current guideline value of Ranga Nagar 3rd Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village 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 Street has changed

Over the years, the guideline value for Ranga Nagar 3rd Street has seen several revisions. The 2017 revision set the value at Rs 1,474 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in the 2023 revision. The most recent 2024 revision has further raised the guideline value to Rs 2,420 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Ranga Nagar 3rd Street. The 2024 figure is equal to the median value of Rs 2,420 per sq.ft for the 316 streets in Thiruneermalai under the Pammal SRO.

Guideline values in Thiruneermalai

In Thiruneermalai, the guideline values range from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. Ranga Nagar 3rd Street's 2024 guideline value aligns with this median, indicating its position within the broader context of the village's property values.

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

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 be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ranga Nagar 3rd Street?

The Ranga Nagar 3rd Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Thiruneermalai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that all property transactions are recorded accurately and transparently.

Additionally, the guideline value helps in assessing the fair value of properties within the region. It serves as a reference point for both buyers and sellers, ensuring that property transactions are conducted in accordance with the established norms and regulations.

Frequently asked questions

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

The current guideline value of Ranga Nagar 3rd Street 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 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification of Ranga Nagar 3rd Street?

Ranga Nagar 3rd Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles registrations for Ranga Nagar 3rd Street?

The Pammal Sub Registrar Office is responsible for registrations related to Ranga Nagar 3rd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.