Guideline Value for Ranganathar Nagar

Ranganathar Nagar guideline value

The current guideline value of Ranganathar Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Ranganathar Nagar has changed

The guideline value for Ranganathar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision brought it to Rs 1,900 per sq.ft.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 is an increase of 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. Ranganathar Nagar's current guideline value is equal to this median.

• Revathi Nagar: Rs 1,900 per sq.ft (2024)
• Ramalinga Nagar extention: Rs 1,600 per sq.ft (2024)
• Ramalinga Nagar: Rs 1,900 per sq.ft (2024)
• Sabapathi Nagar: Rs 1,600 per sq.ft (2024)
• Raj Nagar: Rs 1,600 per sq.ft (2024)
• Sai Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganathar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total charges to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranganathar Nagar?

The Sub Registrar Office that covers Ranganathar Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthagaram. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value serves as a baseline for calculating the taxes owed. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Ranganathar Nagar?

The current guideline value of Ranganathar Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification of Ranganathar Nagar?

Ranganathar Nagar is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value or sale price.

Where can I find the Sub Registrar Office for Ranganathar Nagar?

The Sub Registrar Office for Ranganathar Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.