Guideline Value for Ranganathan Nagar Kanniappan Street - 2nd Lane

Ranganathan Nagar Kanniappan Street - 2nd Lane guideline value

The current guideline value of Ranganathan Nagar Kanniappan Street - 2nd Lane is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Ranganathan Nagar Kanniappan Street - 2nd Lane has changed

The guideline value for Ranganathan Nagar Kanniappan Street - 2nd Lane has undergone several revisions over the years. In 2012, the guideline value was Rs 3,600 per sq.ft. This figure remained unchanged in the 2017 revision, which saw a decrease to Rs 2,412 per sq.ft. The value then increased significantly to Rs 3,600 per sq.ft in 2023, followed by a further increase to Rs 3,960 per sq.ft in 2024, marking a 10% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%, with the current value aligning with the median of Rs 3,960 per sq.ft for the 530 streets in Porur under the Kunrathur SRO.

Guideline values in Porur

In Porur, the guideline values for various streets range from Rs 2,860 to Rs 6,380 per sq.ft, with the median being Rs 3,960 per sq.ft. Ranganathan Nagar Kanniappan Street - 2nd Lane's current guideline value matches this median, indicating its position within the local market.

• Ranganathan Nagar Kanniappan Street: Rs 3,960 per sq.ft (2024)
• Ranganathan Nagar Kanniappan Street Ist Lane: Rs 3,960 per sq.ft (2024)
• Ranganathan Nagar Extension: Rs 3,960 per sq.ft (2024)
• Ranganathan Nagar Rajaji Street: Rs 3,520 per sq.ft (2024)
• Ranganathan Street: Rs 3,520 per sq.ft (2024)
• Rathinam Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathan Nagar Kanniappan Street - 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total fees to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranganathan Nagar Kanniappan Street - 2nd Lane?

The Sub Registrar Office that covers Ranganathan Nagar Kanniappan Street - 2nd Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Porur. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers should be aware that the guideline value plays a significant role in the calculation of stamp duty and registration fees during the property transaction process.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that both buyers and sellers comply with local regulations. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ranganathan Nagar Kanniappan Street - 2nd Lane?

The current guideline value of Ranganathan Nagar Kanniappan Street - 2nd Lane is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase of 10% from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024.

What is the land classification for this street?

Ranganathan Nagar Kanniappan Street - 2nd Lane is classified as Residential Special Type - I.

Where can I find more information about stamp duty and registration fees?

You can use our stamp duty and registration fee calculator for detailed information on fees applicable to property transactions.

Which office handles registrations for this area?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069, handles registrations for Ranganathan Nagar Kanniappan Street - 2nd Lane.