Guideline Value for Ranganathapuram 4th Cross Street

Ranganathapuram 4th Cross Street guideline value

The current guideline value of Ranganathapuram 4th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ranganathapuram 4th Cross Street has changed

Over the years, the guideline value for Ranganathapuram 4th Cross Street has seen significant changes. The earliest recorded figure is from the 2007 revision, which was Rs 750 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 300%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. Following this, the value rose sharply to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the increase was 49%, bringing the value to Rs 3,000 per sq.ft. The overall increase from the 2007 revision to the current 2024 figure represents a significant rise of 340%. It is important to note that there are no figures available for the years 2002 and 2003 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 guideline value is Rs 3,300 per sq.ft, which is equal to the current guideline value for Ranganathapuram 4th Cross Street.

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

Stamp duty and registration fee for property in Ranganathapuram 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ranganathapuram 4th Cross Street?

The Sub Registrar Office that covers Ranganathapuram 4th 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value is assessed to ensure that the sale price is not undervalued for tax purposes. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Ranganathapuram 4th Cross Street?

The current guideline value of Ranganathapuram 4th Cross 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 significantly, increasing from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 340%.

What is the land classification for Ranganathapuram 4th Cross Street?

The land classification for Ranganathapuram 4th Cross Street is Residential Class I Type - I.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Ranganathapuram 4th Cross Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Ranganathapuram 4th Cross Street, located at No.26, mes Road, East Tambaram, Chennai-600059.