Guideline Value for Ranganathapuram 3rd Street

Ranganathapuram 3rd Street guideline value

The current guideline value of Ranganathapuram 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ranganathapuram 3rd Street has changed

The guideline value for Ranganathapuram 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, which is equal to the guideline value of Ranganathapuram 3rd Street.

• Ranganathapuram 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 2nd Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 4th Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathapuram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ranganathapuram 3rd Street?

The Ranganathapuram 3rd 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 Tambaram

The guideline value is a crucial reference point when buying or selling property in Tambaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline values to make informed decisions.

Frequently asked questions

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

The current guideline value of Ranganathapuram 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000 based on the guideline value of Rs 33,00,000.

Which office handles registrations for Ranganathapuram 3rd Street?

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

Where can I find more information about the guideline values in Tambaram?

More information about the guideline values in Tambaram can be found in the Registration Department's guideline value register (TNReginet) or by visiting the relevant links provided for other streets in Tambaram.