Guideline Value for Ranjitham Nagar

Ranjitham Nagar guideline value

The current guideline value of Ranjitham Nagar, located in Tharavoor village under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ranjitham Nagar has changed

The guideline value for Ranjitham Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017, when it was Rs 268 per sq.ft, there was a significant increase of 49% to reach Rs 400 per sq.ft in 2023. The 2024 revision also maintains the value at Rs 400 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Tharavoor

In Tharavoor, there are six streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Ranjitham Nagar.

• Orient Nagar: Rs 250 per sq.ft (2024)
• Velankanni Nagar: Rs 250 per sq.ft (2024)
• Gurusakthi Nagar: Rs 400 per sq.ft (2024)
• Chelliamman Nagar: Rs 400 per sq.ft (2024)
• Bhavani Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ranjitham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ranjitham Nagar?

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

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

The guideline value is an essential factor in the registration process when buying or selling property in Tharavoor. It serves as a benchmark for determining the amount of stamp duty and registration fees payable at the time of property registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ranjitham Nagar?

The current guideline value of Ranjitham Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What are the other streets in Tharavoor with guideline values?

Other streets in Tharavoor include Orient Nagar and Velankanni Nagar at Rs 250 per sq.ft, and Gurusakthi Nagar, Chelliamman Nagar, and Bhavani Nagar at Rs 400 per sq.ft.

What is the stamp duty rate for properties in Ranjitham Nagar?

The stamp duty rate for properties in Ranjitham Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ranjitham Nagar?

The Sub Registrar Office for Ranjitham Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.