Guideline Value for Ranganathapuram

Ranganathapuram guideline value

The current guideline value of Ranganathapuram is Rs 1,870 per sq.ft, effective from 1 July 2024. This village falls under the Pammal SRO and is classified as Residential Class III Type - I.

How the guideline value of Ranganathapuram has changed

The guideline value for Ranganathapuram has seen significant changes over the years. In the 2003 revision, the value was Rs 182 per sq.ft, which increased to Rs 290 per sq.ft in 2007. The following revision in 2017 marked a substantial rise to Rs 1,139 per sq.ft, and by 2023, it reached Rs 1,700 per sq.ft. The latest revision in 2024 has set the value at Rs 1,870 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002 and 2012 in the register for this street.

Overall, from 2003 to 2024, the guideline value has increased by 927%. The most significant jump occurred between 2007 and 2017, where the value soared by 293%. Other notable changes include a 59% increase from 2003 to 2007 and a 49% rise from 2017 to 2023.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Ranganathapuram is below this median.

• Rangan Street: Rs 1,760 per sq.ft (2024)
• Ranganthan Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Rangaswamy Street / Thirunagar: Rs 1,980 per sq.ft (2024)
• Rangaswamy Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Ramzan Street / Senthil Nagar: Rs 1,980 per sq.ft (2024)
• Ramzan Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ranganathapuram?

The Sub Registrar Office that covers Ranganathapuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value plays a crucial role during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legalizing the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ranganathapuram?

The current guideline value of Ranganathapuram is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 182 per sq.ft in 2003 to Rs 1,870 per sq.ft in 2024, marking an overall increase of 927% over this period.

What is the land classification of Ranganathapuram?

Ranganathapuram is classified as Residential Class III Type - I according to the current guidelines.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ranganathapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 18,70,000 would incur a stamp duty of Rs 1,30,900 at the rate of 7%.