Guideline Value for Rangaswamy Koil Street

Rangaswamy Koil Street guideline value

The current guideline value of Rangaswamy Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sriperumpudur SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Rangaswamy Koil Street has changed

The guideline value for Rangaswamy Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 150 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 100 per sq.ft, marking a -33% change. By 2023, the value returned to Rs 150 per sq.ft, and the 2024 revision maintains this figure, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 50%. Overall, comparing the 2012 revision to the 2024 revision, there has been no change in the guideline value for Rangaswamy Koil Street.

Guideline values in Kolathur

In Kolathur village, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft, with a median value of Rs 250 per sq.ft. Rangaswamy Koil Street's 2024 guideline value is below this median.

• Royal Paradise: Rs 250 per sq.ft (2024)
• RPG Global City: Rs 250 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 200 per sq.ft (2024)
• Puthu Street: Rs 200 per sq.ft (2024)
• Sasthapuri: Rs 200 per sq.ft (2024)
• Sathyam Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Rangaswamy Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, would be Rs 10,500, while 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rangaswamy Koil Street?

The Sub Registrar Office that covers Rangaswamy Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions, as it determines the amount of stamp duty and registration fees payable when buying or selling property. It serves as a benchmark for the minimum price at which a property can be registered.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in Kolathur.

Frequently asked questions

What is the current guideline value of Rangaswamy Koil Street?

The current guideline value of Rangaswamy Koil 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 several changes, with Rs 150 per sq.ft in 2012, dropping to Rs 100 per sq.ft in 2017, and returning to Rs 150 per sq.ft in 2023 and 2024.

What is the median guideline value in Kolathur?

The median guideline value in Kolathur is Rs 250 per sq.ft, with Rangaswamy Koil Street's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Rangaswamy Koil Street?

The stamp duty is 7% and the registration fee is 2%. For a property valued at Rs 1,50,000, the total fees would amount to Rs 13,500.

Which office handles registrations for Rangaswamy Koil Street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for Rangaswamy Koil Street.