Guideline Value

Corporate

Guideline Value for Rangarasapuram 7th Street

₹4400/sq.ft.

The guideline value for Rangarasapuram 7th 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 7th Street

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Rangarasapuram 7th Street guideline value

The current guideline value of Rangarasapuram 7th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village under the Adayar SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Rangarasapuram 7th Street has changed

The guideline value for Rangarasapuram 7th 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 then to Rs 4,000 per sq.ft in 2012. However, there was a decline to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023 before reaching the current figure of Rs 4,400 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 391%. There are no figures available for the revisions between these years for this street.

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 7th Street is below this median.

Stamp duty and registration fee for property in Rangarasapuram 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be 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 and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rangarasapuram 7th Street?

The Sub Registrar Office that covers Rangarasapuram 7th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Venkatapuram. It serves as the basis for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to determine the applicable fees. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Rangarasapuram 7th Street?

The current guideline value of Rangarasapuram 7th 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 are the stamp duty and registration fees for properties in this area?

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 7th Street?

The Adayar Sub Registrar Office handles property registrations for Rangarasapuram 7th Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the range of guideline values in Venkatapuram?

The guideline values in Venkatapuram range from Rs 2,800 to Rs 15,400 per sq.ft, with a median value of Rs 5,500 per sq.ft.