Guideline Value for Ranganayagi Street

Ranganayagi Street guideline value

The current guideline value of Ranganayagi Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Ranganayagi Street has changed

The guideline value for Ranganayagi Street has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 200 per sq.ft. It increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 650%. However, in the 2017 revision, it dropped to Rs 1,005 per sq.ft, which was a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Ranganayagi Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 725%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Ranganayagi Street is below this median.

• Ranjith Avenue: Rs 3,960 per sq.ft (2024)
• R.K.Nagar: Rs 2,310 per sq.ft (2024)
• R.M.K. Nagar: Rs 3,960 per sq.ft (2024)
• Ramaraj Avenue: Rs 2,970 per sq.ft (2024)
• Ramanujam Street: Rs 2,640 per sq.ft (2024)
• Rooby Flats: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Ranganayagi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty is calculated at 7%, which comes to Rs 1,15,500, and the registration fee at 2% totals Rs 33,000. Therefore, the combined cost for stamp duty and registration fee would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ranganayagi Street?

The Sub Registrar Office that covers Ranganayagi Street 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 details.

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

The guideline value is a crucial factor when registering property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is used to assess the official value of the property, ensuring that the correct taxes are applied. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Ranganayagi Street?

The current guideline value of Ranganayagi Street is Rs 1,650 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 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What are the stamp duty and registration fees for properties on Ranganayagi Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000, resulting in a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Ranganayagi Street?

The Padappai Sub Registrar Office handles registrations for Ranganayagi Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Ranganayagi Street?

Ranganayagi Street is classified as Residential Class IV Type - II, indicating its designation for residential use within the area.