Guideline Value

Corporate

Guideline Value for Rangarasapuram 3rd Street

₹4400/sq.ft.

The guideline value for Rangarasapuram 3rd Street in Venkatapuram village (Adayar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹964 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹896 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Rangarasapuram 3rd Street

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Rangarasapuram 3rd Street guideline value

The current guideline value of Rangarasapuram 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Rangarasapuram 3rd Street has changed

The guideline value for Rangarasapuram 3rd Street has seen several revisions over the years. In 2002, the value was Rs 896 per sq.ft, which increased to Rs 964 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,250 per sq.ft in 2007, and further increased to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017 before rising again to Rs 4,000 per sq.ft in 2023, and finally reaching Rs 4,400 per sq.ft in 2024.

Between the revisions, the most notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a significant 133% increase from 2003 to 2007. The overall change from 2002 to 2024 reflects a substantial increase of 391%. There are no figures available for revisions in years not listed in the register.

Guideline values in Venkatapuram

In Venkatapuram, there are 36 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 15,400 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value of Rangarasapuram 3rd Street is below this median.

Stamp duty and registration fee for property in Rangarasapuram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rangarasapuram 3rd Street?

The Sub Registrar Office that covers Rangarasapuram 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Venkatapuram. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Rangarasapuram 3rd Street?

The current guideline value of Rangarasapuram 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 896 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 391% over the years.

What is the classification of land for Rangarasapuram 3rd Street?

Rangarasapuram 3rd Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Rangarasapuram 3rd Street?

The Sub Registrar Office for Rangarasapuram 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft would incur a total guideline value of Rs 44,00,000, leading to specific stamp duty and registration fees.