Guideline Value for Ranganathapuram 2nd Cross Street

Ranganathapuram 2nd Cross Street guideline value

The current guideline value of Ranganathapuram 2nd Cross Street is Rs 2,750 per sq.ft. This street is located in Kadaperi village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Ranganathapuram 2nd Cross Street has changed

The guideline value for Ranganathapuram 2nd Cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in the 2017 revision. The value saw a substantial increase of 49% to reach Rs 2,500 per sq.ft in 2023, and further rose by 10% to the current rate of Rs 2,750 per sq.ft effective from 1 July 2024. The register has no figures for the years 2002 and 2003.

Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 588%. The significant changes include a 525% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017, and then a notable increase from 2017 to 2024, marking a 10% rise.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a guideline value as of 2024, ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Ranganathapuram 2nd Cross Street's 2024 figure above that median.

• Ranganathapuram 2nd street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 3rd Streeet: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th Cross street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 5th Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathapuram 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ranganathapuram 2nd Cross Street?

The Sub Registrar Office that covers Ranganathapuram 2nd Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during the registration process of property transactions in Kadaperi. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures that the transaction is recorded accurately and reflects the legal requirements set by the state.

Frequently asked questions

What is the current guideline value of Ranganathapuram 2nd Cross Street?

The current guideline value of Ranganathapuram 2nd Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 588% over this period.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Ranganathapuram 2nd Cross Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Ranganathapuram 2nd Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Ranganathapuram 2nd Cross Street?

The land classification for Ranganathapuram 2nd Cross Street is Residential Special Type - I, indicating its suitability for residential purposes.