Guideline Value for Ranganathapuram 5th Street

Ranganathapuram 5th Street guideline value

The current guideline value of Ranganathapuram 5th 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 5th Street has changed

The guideline value for Ranganathapuram 5th Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which significantly increased to Rs 2,500 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 1,675 per sq.ft. The value then rose to Rs 2,500 per sq.ft in the 2023 revision, and currently, it stands at Rs 2,750 per sq.ft as per the 2024 revision.

From 2023 to 2024, there was an increase of 10%. The jump from 2017 to 2023 was a notable 49%. The 2012 to 2017 period saw a decline of 33%, while the 2007 to 2012 revision experienced a substantial increase of 525%. Overall, from 2007 to 2024, the guideline value has increased by 588%.

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 5th Street is above this median.

• Ranganathapuram 5th Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 6th Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 6th Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th Cross street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 7th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathapuram 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the 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 5th Street?

The Sub Registrar Office that covers Ranganathapuram 5th 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 plays a crucial role when buying or selling property in Kadaperi. It serves as the benchmark for determining the stamp duty and registration fees during the property registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the official value of the property for taxation purposes. This ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Ranganathapuram 5th 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 seen several changes, starting from Rs 400 per sq.ft in 2007, rising to Rs 2,750 per sq.ft in 2024, with fluctuations in between.

What is the registration office for Ranganathapuram 5th Street?

The registration office for Ranganathapuram 5th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the stamp duty rate applicable?

The stamp duty rate applicable for property transactions in Ranganathapuram 5th Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

For more information regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.