Guideline Value

Corporate

Guideline Value for Rangarasapuram 6th Street

₹4400/sq.ft.

The guideline value for Rangarasapuram 6th 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 6th Street

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Rangarasapuram 6th Street guideline value

The current guideline value of Rangarasapuram 6th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village and falls under the Adayar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Rangarasapuram 6th Street has changed

Since the year 2002, the guideline value for Rangarasapuram 6th Street has seen significant changes. The register shows the following revisions: in 2002, the guideline value was Rs 896 per sq.ft, which increased to Rs 964 per sq.ft in 2003. The value then rose by 133% to Rs 2,250 per sq.ft in 2007. Following this, in 2012, the value was Rs 4,000 per sq.ft, but it decreased by 33% to Rs 2,680 per sq.ft in 2017. The most recent revisions show an increase to Rs 4,000 per sq.ft in 2023 and a further increase of 10% to Rs 4,400 per sq.ft in 2024.

The overall change from 2002 to 2024 reflects an increase of 391%. Notably, there are no figures available for revisions in the years not mentioned in this 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 for Rangarasapuram 6th Street is below this median.

Stamp duty and registration fee for property in Rangarasapuram 6th 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, leading to a total of Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rangarasapuram 6th Street?

The Adayar Sub Registrar Office covers Rangarasapuram 6th Street. The office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Venkatapuram, as it determines the minimum price at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rangarasapuram 6th Street?

The current guideline value of Rangarasapuram 6th 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 significantly from Rs 896 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 391%.

What other streets in Venkatapuram have the same guideline value?

Other streets in Venkatapuram, such as Rangarasapuram 1st, 2nd, 3rd, 4th, 5th, and 7th Streets, also have a guideline value of Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Rangarasapuram 6th Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Rangarasapuram 6th Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles property registrations for Rangarasapuram 6th Street.