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Guideline Value

Corporate

Guideline Value for Ranga Nagar 5th Main Road

₹2420/sq.ft.

The guideline value for Ranga Nagar 5th 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 5th Main Road

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Ranga Nagar 5th Main Road guideline value

The current guideline value of Ranga Nagar 5th Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This road is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ranga Nagar 5th Main Road has changed

The guideline value for Ranga Nagar 5th Main Road has seen significant changes over the years. In the 2003 revision, the value was Rs 238 per sq.ft, which increased to Rs 350 per sq.ft in 2007. This was a rise of 47%. The value then surged to Rs 1,474 per sq.ft in 2017, marking a substantial increase of 321%. Following that, the 2023 revision set the value at Rs 2,200 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 has further raised the guideline value to Rs 2,420 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that 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 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 for these streets is Rs 2,420 per sq.ft, which is equal to the guideline value of Ranga Nagar 5th Main Road.

Stamp duty and registration fee for property in Ranga Nagar 5th 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, while the registration fee at 2% would be Rs 48,400, bringing the total fees 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 the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ranga Nagar 5th Main Road?

The Sub Registrar Office that covers Ranga Nagar 5th 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 the registration process when buying or selling property in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must consider the guideline value, as it is used to calculate the applicable fees. The higher value between the guideline value and the sale price will be taken into account for the calculation of the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ranga Nagar 5th Main Road?

The current guideline value of Ranga Nagar 5th 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 from Rs 238 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, showing an overall increase of 917% over this period.

What is the stamp duty rate for properties in Ranga Nagar 5th Main Road?

The stamp duty rate for properties in Ranga Nagar 5th Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ranga Nagar 5th Main Road?

The Sub Registrar Office for Ranga Nagar 5th Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the other streets with the same guideline value in Thiruneermalai?

Other streets in Thiruneermalai with the same guideline value of Rs 2,420 per sq.ft include Ranga Nagar 4th Street, Ranga Nagar 5th Street, Ranga Nagar 4th Main Road, Ranga Nagar 6th Main Road, Ranga Nagar 4th Cross Street, and Ranga Nagar 6th Street.