Guideline Value for Ranganathapuram 5th Cross Street

Ranganathapuram 5th Cross Street guideline value

The current guideline value of Ranganathapuram 5th 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, classified as Residential Special Type - I.

How the guideline value of Ranganathapuram 5th Cross Street has changed

Over the years, the guideline value for Ranganathapuram 5th Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,675 per sq.ft. The next revision in 2023 raised the value to Rs 2,500 per sq.ft, followed by the latest revision in 2024, which increased it to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is an increase of 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. The median value across these streets is Rs 1,650 per sq.ft, placing Ranganathapuram 5th Cross Street above this median.

• Ranganathapuram 5th Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 6th Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th Cross street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 6th Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 3rd Streeet: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathapuram 5th 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 amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ranganathapuram 5th Cross Street?

The Ranganathapuram 5th Cross Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Kadaperi. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is officially recorded at a value recognized by the state.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ranganathapuram 5th Cross Street?

The current guideline value of Ranganathapuram 5th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024. The most significant change occurred between 2017 and 2023, where the value increased by 49%.

What is the land classification for Ranganathapuram 5th Cross Street?

Ranganathapuram 5th Cross Street is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.

Where can I find the Sub Registrar Office for this street?

The Tambaram Joint 1 Sub Registrar Office, which covers Ranganathapuram 5th Cross Street, is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,92,500.