Guideline Value for Ranganathapuram Ist Cross Street

Ranganathapuram Ist Cross Street guideline value

The current guideline value of Ranganathapuram Ist Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village under the Tambaram Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Ranganathapuram Ist Cross Street has changed

Over the years, the guideline value for Ranganathapuram Ist Cross Street has seen significant changes. The 2007 revision recorded a value of Rs 400 per sq.ft, which rose dramatically to Rs 2,500 per sq.ft in 2012, marking an increase of 525%. However, the value then decreased to Rs 1,675 per sq.ft in 2017, representing a decline of 33%. The value rebounded to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,750 per sq.ft in 2024, reflecting a 10% increase from the previous year. It is important to note that the register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 588%, showcasing the fluctuations in property valuation over the years.

Guideline values in Kadaperi

In Kadaperi, there are 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 Ist Cross Street's 2024 figure above this median.

• Ranganathapuram Ist Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 7th Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 6th Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 6th Cross 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 Ist 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, and the registration fee at 2% would be Rs 55,000, bringing the total fees together 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 Ist Cross Street?

The Ranganathapuram Ist Cross Street falls under 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 during the registration of property transactions in Kadaperi. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it directly impacts the costs involved in the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Ranganathapuram Ist Cross Street?

The current guideline value of Ranganathapuram Ist Cross 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, marking an overall increase of 588% over the years.

What are the other streets in Kadaperi with the same guideline value?

Other streets in Kadaperi with the same guideline value of Rs 2,750 per sq.ft include Ranganathapuram Ist Street, Ranganathapuram 7th Street, Ranganathapuram 6th Street, Ranganathapuram 6th Cross Street, Ranganathapuram 5th Street, and Ranganathapuram 5th Cross Street.

How is the stamp duty calculated for properties in Ranganathapuram Ist Cross Street?

The stamp duty for properties is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.

Where can I find the Sub Registrar Office for Ranganathapuram Ist Cross Street?

The Tambaram Joint 1 Sub Registrar Office covers Ranganathapuram Ist Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information about your SRO online.