Guideline Value for SHREYAS SAMUDHRA RANGANATHAN AVENUE

Shreyas Samudhra Ranganathan Avenue guideline value

The current guideline value for Shreyas Samudhra Ranganathan Avenue is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Shreyas Samudhra Ranganathan Avenue has changed

Looking at the revisions, the guideline value for Shreyas Samudhra Ranganathan Avenue has seen several changes over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Shreyas Samudhra Ranganathan Avenue's 2024 figure above this median.

• Shore Line Institute: Rs 1,100 per sq.ft (2024)
• Sir.C.V.Raman Salai: Rs 3,300 per sq.ft (2024)
• Shanmugam Garden: Rs 1,100 per sq.ft (2024)
• Senkazhani Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Senkazhani Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Sengalani Amman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Shreyas Samudhra Ranganathan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shreyas Samudhra Ranganathan Avenue?

The Sub Registrar Office that covers Shreyas Samudhra Ranganathan Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Uthandi. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers and sellers need to be aware of the current guideline value to estimate the costs associated with the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shreyas Samudhra Ranganathan Avenue?

The current guideline value of Shreyas Samudhra Ranganathan Avenue is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for this street?

Shreyas Samudhra Ranganathan Avenue falls under the Residential Class I Type - II land classification.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations in this area?

The Neelankarai Sub Registrar Office handles property registrations for Shreyas Samudhra Ranganathan Avenue, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.