Guideline Value for Ranganathapuram 3rd Streeet

Ranganathapuram 3rd Streeet guideline value

The current guideline value of Ranganathapuram 3rd Streeet is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village under the Tambaram Joint 1 SRO, and it is classified as Residential Special Type - I.

How the guideline value of Ranganathapuram 3rd Streeet has changed

The guideline value for Ranganathapuram 3rd Streeet has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, this value decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value then surged to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,750 per sq.ft in 2024, an increase of 10%. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 588%. The revisions highlight significant fluctuations, particularly the jump from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, which is an increase of 49%.

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 is Rs 1,650 per sq.ft, placing Ranganathapuram 3rd Streeet's 2024 figure above this median.

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

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, and the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ranganathapuram 3rd Streeet?

The Ranganathapuram 3rd Streeet falls under 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It acts as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ranganathapuram 3rd Streeet?

The current guideline value of Ranganathapuram 3rd Streeet 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, reflecting an overall increase of 588% over this period.

What is the land classification of Ranganathapuram 3rd Streeet?

Ranganathapuram 3rd Streeet is classified as Residential Special Type - I, indicating its suitability for residential development.

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

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 2,47,500.

Where can I find the Sub Registrar Office for Ranganathapuram 3rd Streeet?

The Sub Registrar Office covering Ranganathapuram 3rd Streeet is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.