Guideline Value for Ranganathapuram 4th Street

Ranganathapuram 4th Street guideline value

The current guideline value of Ranganathapuram 4th 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 4th Street has changed

The guideline value for Ranganathapuram 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value saw a significant increase of 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. It is important to note that there are no figures available 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, which ranges 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 current guideline value of Ranganathapuram 4th Street.

• Ranganathapuram 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 5th Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 3rd Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 3rdCross Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 6th Street: Rs 3,300 per sq.ft (2024)
• Ranganathapuram 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathapuram 4th 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, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 4th Street?

The Sub Registrar Office that covers Ranganathapuram 4th 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 is a crucial factor when registering property transactions in Tambaram. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay at the time of registration.

Both buyers and sellers should be aware that the guideline value is updated periodically, and it reflects the official value assigned to properties in the area. This value is used to ensure that the appropriate taxes are collected during property transactions.

Frequently asked questions

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

The current guideline value of Ranganathapuram 4th 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 2023 to Rs 3,300 per sq.ft in 2024, representing a 10% increase. The value was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Ranganathapuram 4th Street?

Ranganathapuram 4th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Ranganathapuram 4th Street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Where is the Sub Registrar Office for Ranganathapuram 4th Street located?

The Sub Registrar Office covering Ranganathapuram 4th Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.