Guideline Value for Rani Ammal Nagar

Rani Ammal Nagar guideline value

The current guideline value of Rani Ammal Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in the village of Mangadu -A under the Kunrathur SRO and is classified as Residential Class II Type - II.

How the guideline value of Rani Ammal Nagar has changed

The guideline value for Rani Ammal Nagar has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 871 per sq.ft. In 2023, this value increased to Rs 1,300 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, indicating that Rani Ammal Nagar's 2024 figure is below this median.

• R.B.Nagar: Rs 1,760 per sq.ft (2024)
• Sabari Nagar: Rs 2,200 per sq.ft (2024)
• Ramakrishnapuram: Rs 1,430 per sq.ft (2024)
• Sakthi Nagar: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar Annexe Phase I: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Ammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Rani Ammal Nagar?

The Sub Registrar Office that covers Rani Ammal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further details, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Mangadu -A, the guideline value influences the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Proper understanding of these values ensures that all parties involved are informed and compliant with local regulations.

Frequently asked questions

What is the current guideline value of Rani Ammal Nagar?

The current guideline value of Rani Ammal Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64%.

What is the median guideline value in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, with Rani Ammal Nagar's value being below this median.

What are the stamp duty and registration fees for Rani Ammal Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value, which for a 1,000 sq.ft plot would total Rs 1,28,700.

Where is the Sub Registrar Office for Rani Ammal Nagar located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, covering Rani Ammal Nagar.