Guideline Value for Ranganathapuram 2nd street

Ranganathapuram 2nd street guideline value

The current guideline value of Ranganathapuram 2nd street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ranganathapuram 2nd street has changed

The guideline value for Ranganathapuram 2nd street has seen several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, it decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, which was a 49% increase, and finally, it reached Rs 2,750 per sq.ft in 2024, reflecting a growth of 10% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 588%. The continuous revisions indicate the changing landscape of property values in this area.

Guideline values in Kadaperi

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

• Ranganathapuram 2nd Cross 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 street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Therefore, the total cost for stamp duty and registration together would be Rs 2,47,500. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ranganathapuram 2nd street?

The Ranganathapuram 2nd street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Kadaperi. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ranganathapuram 2nd street?

The current guideline value of Ranganathapuram 2nd 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%.

What is the range of guideline values for other streets in Kadaperi?

The guideline values for other streets in Kadaperi range from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for a property in Ranganathapuram 2nd street?

The stamp duty for a property valued at Rs 27,50,000 is Rs 1,92,500, and the registration fee is Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for Ranganathapuram 2nd street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Ranganathapuram 2nd street, located at No.26, Mes Road, East Tambaram, Chennai-600059.