Guideline Value

Corporate

Guideline Value for Ranganathapuram

₹880/sq.ft.

The guideline value for Ranganathapuram in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ranganathapuram

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Ranganathapuram guideline value

The current guideline value for Ranganathapuram, located in Nandambakkam village under the Padappai SRO, is Rs 880 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Ranganathapuram has changed

Over the years, the guideline value of Ranganathapuram has seen significant changes. Starting from the 2007 revision, the value was Rs 50 per sq.ft, which increased dramatically to Rs 800 per sq.ft in 2012, marking a rise of 1500%. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024, which is a 10% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value rose by 49%, and the overall increase from 2007 to 2024 is a remarkable 1660%. The current rate of Rs 880 per sq.ft aligns with the median value of other streets in Nandambakkam under the Padappai SRO.

Guideline values in Nandambakkam

Nandambakkam village has a total of 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is the same as the current guideline value for Ranganathapuram. Below are the guideline values for other streets in Nandambakkam:

Stamp duty and registration fee for property in Ranganathapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranganathapuram?

The Sub Registrar Office that covers Ranganathapuram is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial component in the property registration process in Nandambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher, making it essential to consider the guideline value when negotiating property transactions.

Frequently asked questions

What is the current guideline value of Ranganathapuram?

The current guideline value of Ranganathapuram is Rs 880 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 50 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, with various revisions in between showing both increases and decreases.

What is the stamp duty for property in Ranganathapuram?

The stamp duty for property in Ranganathapuram is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 8,80,000 would incur a stamp duty of Rs 61,600.

Where can I find the Sub Registrar Office for Ranganathapuram?

The Sub Registrar Office for Ranganathapuram is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value for properties. It is used to calculate the stamp duty and registration fees, ensuring that buyers and sellers are aware of the costs involved in the registration process.