Guideline Value for Ranganathan Nagar

Ranganathan Nagar guideline value

The current guideline value of Ranganathan Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area falls under Kunrathour-B village and is classified as Residential Class I Type - I by the Kunrathur SRO.

How the guideline value of Ranganathan Nagar has changed

The guideline value for Ranganathan Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 737 per sq.ft. It increased to Rs 1,100 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Ranganathan Nagar's 2024 figure below this median.

• R.M.P.Nagar: Rs 1,210 per sq.ft (2024)
• Road Street 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Road Street 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Road Street 3rd Cross Street: Rs 1,430 per sq.ft (2024)
• Road Street 3rd Cross Street Lane (Right): Rs 1,540 per sq.ft (2024)
• Road Street 4th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty, calculated at 7%, would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, leading to a total of Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ranganathan Nagar?

The Sub Registrar Office that covers Ranganathan Nagar 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 Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are recorded fairly and transparently.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ranganathan Nagar?

The current guideline value of Ranganathan Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the guideline values for other streets in Kunrathour-B?

Other streets in Kunrathour-B have varying guideline values, with rates ranging from Rs 660 to Rs 5,130 per sq.ft. For example, Road Street 1st Cross Street has a guideline value of Rs 1,540 per sq.ft.

What are the stamp duty and registration fees for properties in Ranganathan Nagar?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Ranganathan Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details by visiting the relevant link.