Guideline Value for Rangachari Street

Rangachari Street guideline value

The current guideline value of Rangachari Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Rangachari Street has changed

The guideline value register for Rangachari Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 3,900 per sq.ft.

Since there are no figures available for the previous years mentioned, the only current reference is the 2024 revision. Therefore, there have been no changes in the guideline value for Rangachari Street between revisions.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, placing Rangachari Street's current value below the median.

• Ranganatha puram 1st street: Rs 7,100 per sq.ft (2024)
• Rangathapuram 2nd street: Rs 7,100 per sq.ft (2024)
• Red Cross Road: Rs 13,400 per sq.ft (2024)
• Ramanathan salai: Rs 13,400 per sq.ft (2024)
• Ramanathan chetty street: Rs 11,000 per sq.ft (2024)
• RamaChandra Road: Rs 13,500 per sq.ft (2024)

Stamp duty and registration fee for property in Rangachari Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rangachari Street?

The Sub Registrar Office covering Rangachari Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value serves as a reference point for property transactions in Egmore. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated accurately based on the property's value.

During the registration process, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Rangachari Street?

The current guideline value of Rangachari Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

What is the land classification of Rangachari Street?

Rangachari Street is classified as Residential Class III Type - I according to the guideline value register.

Are there any previous guideline values for Rangachari Street?

The guideline value register shows no figures for Rangachari Street for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How does the guideline value compare with other streets in Egmore?

The guideline value of Rangachari Street is below the median value of Rs 7,100 per sq.ft for the 465 streets in Egmore under the Periamet SRO.

Where is the Sub Registrar Office for Rangachari Street located?

The Sub Registrar Office for Rangachari Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.