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Guideline Value

Corporate

Guideline Value for Ranga Nagar 6th Main Road

₹2420/sq.ft.

The guideline value for Ranga Nagar 6th 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 6th Main Road

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Ranga Nagar 6th Main Road guideline value

The current guideline value of Ranga Nagar 6th Main Road is Rs 2,420 per sq.ft. 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 6th Main Road has changed

The guideline value for Ranga Nagar 6th 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 change of 47%. By 2017, the value surged to Rs 1,474 per sq.ft, reflecting a notable increase of 321%. The most recent revision in 2023 set the value at Rs 2,200 per sq.ft, which was a 49% increase from 2017. The current guideline value, effective from 1 July 2024, is Rs 2,420 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in 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 guideline value is Rs 2,420 per sq.ft, which is the same as the current guideline value for Ranga Nagar 6th Main Road.

Stamp duty and registration fee for property in Ranga Nagar 6th 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, these fees would total 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 more precise calculations.

Which Sub Registrar Office covers Ranga Nagar 6th Main Road?

The Sub Registrar Office that covers Ranga Nagar 6th 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 when buying or selling property in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ranga Nagar 6th Main Road?

The current guideline value of Ranga Nagar 6th 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, marking an overall increase of 917% over this period.

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

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 Sub Registrar Office covers Ranga Nagar 6th Main Road?

The Pammal Sub Registrar Office covers Ranga Nagar 6th Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the classification of land on Ranga Nagar 6th Main Road?

The land classification for Ranga Nagar 6th Main Road is Residential Class I Type - I, indicating its suitability for residential purposes.