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Guideline Value

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Guideline Value for Ranganathan Street, Gokulam Colony,

₹4400/sq.ft.

The guideline value for Ranganathan Street, Gokulam Colony, in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ranganathan Street, Gokulam Colony,

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Ranganathan Street, Gokulam Colony, guideline value

The current guideline value of Ranganathan Street, Gokulam Colony, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ranganathan Street, Gokulam Colony, has changed

The guideline value for Ranganathan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, there was a significant increase to Rs 4,000 per sq.ft in the 2023 revision, and the current value is Rs 4,400 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is a 10% increase. Notably, there are no figures available for Ranganathan Street in the revisions of 2002, 2003, and 2007.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current value of Ranganathan Street.

Stamp duty and registration fee for property in Ranganathan Street, Gokulam Colony,

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total charges to Rs 3,96,000. Note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ranganathan Street, Gokulam Colony,?

The Sub Registrar Office that covers Ranganathan Street, Gokulam Colony, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted at a fair and regulated value.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. This value is regularly updated and reflects the current market conditions, ensuring transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Ranganathan Street?

The current guideline value of Ranganathan Street, Gokulam Colony, is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the 2012 value at Rs 4,000 per sq.ft, dropping to Rs 2,680 per sq.ft in 2017, and then increasing to Rs 4,000 per sq.ft in 2023, before reaching Rs 4,400 per sq.ft in 2024.

What is the stamp duty for property in Ranganathan Street?

The stamp duty for a property in Ranganathan Street is calculated at 7% of the guideline value. For a property valued at Rs 44,00,000, the stamp duty would amount to Rs 3,08,000.

Which Sub Registrar Office covers Ranganathan Street?

The Velacheri Sub Registrar Office covers Ranganathan Street, Gokulam Colony, and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions. It is essential for calculating stamp duty and registration fees, ensuring that all transactions are conducted at a regulated value.