Guideline Value for Ranganathan Street

Ranganathan Street guideline value

The current guideline value of Ranganathan Street is Rs 1,200 per sq.ft. This street is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Ranganathan Street has changed

Looking at the historical revisions, the guideline value for Ranganathan Street was Rs 400 per sq.ft in 2007. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% rise. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, a decline of 33% from the previous figure. The most recent revision in 2023 set the guideline value back to Rs 1,200 per sq.ft, reflecting a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 200%. It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Ranganathan Street's guideline value stands at Rs 1,200 per sq.ft. Below are the other streets in Urapakkam:

Stamp duty and registration fee for property in Ranganathan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ranganathan Street?

The Sub Registrar Office that covers Ranganathan Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Urapakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure that they comply with the legal requirements of property transactions.

When a property is sold, the guideline value acts as a benchmark for the transaction. The stamp duty is calculated based on this value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ranganathan Street?

The current guideline value of Ranganathan Street is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has experienced several changes: it was Rs 400 per sq.ft in 2007, increased to Rs 1,200 per sq.ft in 2012, dropped to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Ranganathan Street?

Ranganathan Street is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ranganathan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.