Guideline Value for Rangaswamy Street / Thirunagar

Rangaswamy Street / Thirunagar guideline value

The current guideline value of Rangaswamy Street / Thirunagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class II Type - II.

How the guideline value of Rangaswamy Street / Thirunagar has changed

The guideline value for Rangaswamy Street / Thirunagar has seen significant changes over the years. Starting from Rs 222 per sq.ft in 2002, it increased to Rs 251 per sq.ft in 2003, marking a rise of 13%. In 2007, the value jumped to Rs 360 per sq.ft, representing a 43% increase. The 2017 revision brought a substantial increase to Rs 1,206 per sq.ft, which was a remarkable 235% rise from the previous figure. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The most recent 2024 revision has raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that the register has no figure for Rangaswamy Street / Thirunagar in 2012. Overall, from 2002 to 2024, the guideline value has increased by 792%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, indicating that Rangaswamy Street / Thirunagar's 2024 figure is below this median.

• Rangaswamy Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Rani Anna Street: Rs 1,980 per sq.ft (2024)
• Rani Anna Street, Sivasankaran Nagar: Rs 1,980 per sq.ft (2024)
• Ranganthan Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Rangan Street: Rs 1,760 per sq.ft (2024)
• Ranjan Street, Samundeswari Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rangaswamy Street / Thirunagar

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Rangaswamy Street / Thirunagar?

The Sub Registrar Office that covers Rangaswamy Street / Thirunagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pammal. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the buyer must pay stamp duty and registration fees based on either the guideline value or the sale price, whichever is higher.

This ensures that all property transactions are recorded at a fair value, contributing to transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Rangaswamy Street / Thirunagar?

The current guideline value of Rangaswamy Street / Thirunagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 222 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 792%.

What is the Pammal SRO?

The Pammal SRO is the Sub Registrar Office that oversees property registrations in Pammal village, ensuring compliance with local regulations.

What are the stamp duty rates for properties in Rangaswamy Street / Thirunagar?

The stamp duty rate for properties in Rangaswamy Street / Thirunagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about property registration?

You can find more information about property registration and the relevant Sub Registrar Office by visiting the official website or using the find your SRO tool.