Guideline Value for Ranga Reddy Garden 11th Cross Street

Ranga Reddy Garden 11th Cross Street guideline value

The current guideline value for Ranga Reddy Garden 11th Cross Street is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Special Type - V.

How the guideline value of Ranga Reddy Garden 11th Cross Street has changed

The guideline value for Ranga Reddy Garden 11th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,750 per sq.ft, which was then reduced to Rs 2,512 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,750 per sq.ft in the 2023 revision, and then further rose to Rs 4,200 per sq.ft in the 2024 revision, representing a 12% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, indicating that Ranga Reddy Garden 11th Cross Street's 2024 figure is above that median.

• Ranga Reddy Garden 10th Cross Street: Rs 4,200 per sq.ft (2024)
• RANGA REDDY GARDEN 12th CROSS STREET: Rs 4,200 per sq.ft (2024)
• Ranga Reddy Garden 1st Cross Street: Rs 4,200 per sq.ft (2024)
• Ranga Reddy Garden 1st Pirathana Salai: Rs 4,400 per sq.ft (2024)
• Ranga Reddy Garden 2nd Cross Street: Rs 4,200 per sq.ft (2024)
• Ranga Reddy Garden 2nd Pirathana Salai: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ranga Reddy Garden 11th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value is Rs 42,00,000. The stamp duty at 7% would amount to Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, bringing the total fees to Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranga Reddy Garden 11th Cross Street?

The Sub Registrar Office that covers Ranga Reddy Garden 11th Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Neelankarai. When a property transaction occurs, the guideline value is used to calculate the fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value for Ranga Reddy Garden 11th Cross Street?

The current guideline value for Ranga Reddy Garden 11th Cross Street is Rs 4,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,750 per sq.ft in 2012 to Rs 2,512 per sq.ft in 2017, then to Rs 3,750 per sq.ft in 2023, and finally to Rs 4,200 per sq.ft in 2024.

What is the land classification for Ranga Reddy Garden 11th Cross Street?

Ranga Reddy Garden 11th Cross Street is classified as Residential Special Type - V.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 3,78,000, which includes stamp duty and registration fees based on the guideline value.

Which office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for Ranga Reddy Garden 11th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.