Guideline Value for Ranganathapuram 7th Street

Ranganathapuram 7th Street guideline value

The current guideline value of Ranganathapuram 7th 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 7th Street has changed

Over the years, the guideline value of Ranganathapuram 7th Street has seen significant changes. In 2007, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then increased again to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Ranganathapuram 7th Street. Overall, from 2007 to 2024, the guideline value has increased by 588%.

Guideline values in Kadaperi

Kadaperi village has 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Ranganathapuram 7th Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Ranganathapuram 7th 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, bringing the total cost to Rs 2,47,500. It is essential 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 7th Street?

The Ranganathapuram 7th 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kadaperi. When a property is sold, the guideline value is used to determine the stamp duty and registration fees that must be paid, ensuring that these costs are based on the officially recognized value of the property.

It is important for buyers and sellers to be aware of the guideline value as it directly impacts the financial obligations during the registration process. Understanding these values can help in making informed decisions when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Ranganathapuram 7th Street?

The current guideline value of Ranganathapuram 7th 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 significantly from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 588% over the years.

What is the land classification for Ranganathapuram 7th Street?

Ranganathapuram 7th Street is classified as Residential Special Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Ranganathapuram 7th Street?

The Sub Registrar Office covering Ranganathapuram 7th Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Ranganathapuram 7th Street?

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