Guideline Value for Ranganathapuram 6th Street

Ranganathapuram 6th Street guideline value

The current guideline value of Ranganathapuram 6th 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 6th Street has changed

The guideline value for Ranganathapuram 6th Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, and most recently, it has risen to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Notably, the revisions for 2002 and 2003 do not have figures for this street in the register. 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 of Rs 1,650 per sq.ft. The guideline value of Ranganathapuram 6th Street is above this median.

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

Stamp duty and registration fee for property in Ranganathapuram 6th 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, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees 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.

You can also use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Ranganathapuram 6th Street?

The Sub Registrar Office that covers Ranganathapuram 6th 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buyers and sellers agree on a sale price, the stamp duty and registration fees are calculated based on the higher of the guideline value or the agreed sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ranganathapuram 6th Street?

The current guideline value of Ranganathapuram 6th 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 several times, from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 588% during this period.

What is the land classification for Ranganathapuram 6th Street?

Ranganathapuram 6th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ranganathapuram 6th Street?

The Sub Registrar Office for Ranganathapuram 6th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kadaperi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.