Guideline Value for Ranganathapuram 3rd Cross Street

Ranganathapuram 3rd Cross Street guideline value

The current guideline value of Ranganathapuram 3rd Cross 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 3rd Cross Street has changed

The guideline value for Ranganathapuram 3rd Cross Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,750 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 588%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have 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, making the guideline value of Ranganathapuram 3rd Cross Street above the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees 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.

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

Which Sub Registrar Office covers Ranganathapuram 3rd Cross Street?

The Ranganathapuram 3rd Cross Street is covered by 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 a critical factor in property transactions in Kadaperi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Accurate knowledge of this value ensures that all parties involved in the transaction comply with local regulations and avoid any legal issues.

Frequently asked questions

What is the current guideline value of Ranganathapuram 3rd Cross Street?

The current guideline value of Ranganathapuram 3rd 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 increased from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 588% over the years.

What is the median guideline value in Kadaperi?

The median guideline value for the 142 streets in Kadaperi under the Tambaram Joint 1 SRO is Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for property in Ranganathapuram 3rd Cross Street?

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 registrations for Ranganathapuram 3rd Cross Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Ranganathapuram 3rd Cross Street, located at No.26, MES Road, East Tambaram, Chennai-600059.