Guideline Value for Rangapuram Street

Rangapuram Street guideline value

The current guideline value of Rangapuram Street in Ulunthai village, under the Sunguvarchattram SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Rangapuram Street has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% drop. From 2017 to the 2023 revision, the value increased by 50% to Rs 150 per sq.ft, which was maintained in the 2023 to 2024 revision, showing no percentage change.

There are no figures available for Rangapuram Street in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant, reflecting a 0% change.

Guideline values in Ulunthai

In Ulunthai village, 27 streets under the Sunguvarchattram SRO have a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft, with the median being Rs 150 per sq.ft. Rangapuram Street's 2024 figure is equal to this median.

• Ramar Koil Street: Rs 150 per sq.ft (2024)
• Sai Baba Street: Rs 150 per sq.ft (2024)
• Sivan Kovil Street: Rs 150 per sq.ft (2024)
• Pallikuda Street: Rs 150 per sq.ft (2024)
• Palla Street: Rs 150 per sq.ft (2024)
• SriMathi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Rangapuram Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 more details.

Which Sub Registrar Office covers Rangapuram Street?

The Sub Registrar Office covering Rangapuram Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ulunthai. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value helps in assessing the legal and financial obligations of both the buyer and the seller. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rangapuram Street?

The current guideline value of Rangapuram Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, including a decrease from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification of Rangapuram Street?

Rangapuram Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Rangapuram Street?

The Sub Registrar Office for Rangapuram Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Rangapuram Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.