Guideline Value for Ranganathapuram 4th Cross street

Ranganathapuram 4th Cross street guideline value

The current guideline value of Ranganathapuram 4th 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 4th Cross street has changed

In 2012, the guideline value for Ranganathapuram 4th Cross street was Rs 2,500 per sq.ft. This value decreased to Rs 1,675 per sq.ft in 2017, representing a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year, 2023.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, with a median value of Rs 1,650 per sq.ft. The guideline value for Ranganathapuram 4th Cross street is above this median.

• Ranganathapuram 3rd Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 5th Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 5th Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 2nd street: Rs 2,750 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 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. Together, the total cost for stamp duty and registration fee would be Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value is an essential factor during the registration of property transactions in Kadaperi. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the 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 4th Cross street?

The current guideline value of Ranganathapuram 4th 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

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

The land classification for Ranganathapuram 4th Cross street is Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total cost for stamp duty and registration fee would be Rs 2,47,500.

Which Sub Registrar Office covers this area?

The Tambaram Joint 1 Sub Registrar Office covers Ranganathapuram 4th Cross street, located at No.26, Mes Road, East Tambaram, Chennai-600059.