Guideline Value for Ranga Reddy Garden 5th Cross Street

Ranga Reddy Garden 5th Cross Street guideline value

The current guideline value of Ranga Reddy Garden 5th 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 5th Cross Street has changed

The guideline value for Ranga Reddy Garden 5th Cross Street has undergone several revisions over the years. In 2012, the value was Rs 3,750 per sq.ft, which decreased to Rs 2,512 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,750 per sq.ft. The most recent revision in 2024 saw the value rise to Rs 4,200 per sq.ft, marking a 12% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Ranga Reddy Garden 5th Cross Street's 2024 value of Rs 4,200 per sq.ft is above this median.

• Ranga Reddy Garden 4th Cross Street: Rs 4,200 per sq.ft (2024)
• Ranga Reddy Garden 6th Cross Street: Rs 4,200 per sq.ft (2024)
• Ranga Reddy Garden 3rd Cross Street: Rs 4,200 per sq.ft (2024)
• Ranga Reddy Garden 7th Cross Street: Rs 4,200 per sq.ft (2024)
• Ranga Reddy Garden 2nd Pirathana Salai: Rs 4,400 per sq.ft (2024)
• Ranga Reddy Garden 8th Cross Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ranga Reddy Garden 5th 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 would be 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. Together, the total cost for these fees would be Rs 3,78,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ranga Reddy Garden 5th Cross Street?

The Sub Registrar Office that covers Ranga Reddy Garden 5th 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 information.

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

The guideline value is an essential factor when registering property transactions in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ranga Reddy Garden 5th Cross Street?

The current guideline value of Ranga Reddy Garden 5th 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 back 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 5th Cross Street?

Ranga Reddy Garden 5th Cross Street is classified as Residential Special Type - V, according to the local regulations.

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

For a property valued at Rs 42,00,000, the stamp duty would be Rs 2,94,000 and the registration fee would be Rs 84,000, totaling Rs 3,78,000.

Where can I find the Sub Registrar Office for this street?

The Neelankarai Sub Registrar Office covers Ranga Reddy Garden 5th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.