Guideline Value for Renganathan Street

Renganathan Street guideline value

The current guideline value of Renganathan Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Renganathan Street has changed

The guideline value for Renganathan Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 59%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with a 2024 guideline value range from Rs 1,100 to Rs 7,650 per sq.ft. The median value for this village is Rs 2,200 per sq.ft, making Renganathan Street's current guideline value below the median.

• Reddy Street: Rs 1,600 per sq.ft (2024)
• Roja Street: Rs 2,200 per sq.ft (2024)
• Royal Avalon: Rs 3,600 per sq.ft (2024)
• Ram Poornam Nagar Extention: Rs 1,300 per sq.ft (2024)
• Ram Poornam Nagar -2: Rs 1,300 per sq.ft (2024)
• Ram Poornam Nagar -1: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Renganathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty is charged at 7%, which totals Rs 1,12,000, and the registration fee is 2%, amounting to Rs 32,000. Therefore, the total cost for stamp duty and registration fee would be Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Renganathan Street?

The Sub Registrar Office that covers Renganathan Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor when registering property in 5. Athipattu, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property transactions.

During the registration process, the guideline value is used to calculate the applicable fees. It is essential to be aware of the current guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Renganathan Street?

The current guideline value of Renganathan Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Renganathan Street has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, marking a total increase of 59% over this period.

What is the land classification for Renganathan Street?

Renganathan Street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. This office handles the registration of properties in the area, including Renganathan Street.