Guideline Value for SRI RANGA NAGAR PART-III

Sri Ranga Nagar Part-III guideline value

The current guideline value of Sri Ranga Nagar Part-III is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Kayirambedu village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sri Ranga Nagar Part-III has changed

According to the guideline value register, there are no figures available for Sri Ranga Nagar Part-III for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 700 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change from the previous year.

The current guideline value of Rs 700 per sq.ft has been consistent since the 2023 revision, reflecting stability in the valuation for this street. As of the 2024 revision, this value aligns with the median guideline value of Rs 700 per sq.ft for the village of Kayirambedu.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value across these streets is Rs 700 per sq.ft, making the guideline value of Sri Ranga Nagar Part-III equal to this median.

• Sri Ranga Nagar: Rs 700 per sq.ft (2024)
• Sri Sakthivelan Nagar: Rs 700 per sq.ft (2024)
• Sri Velan Nagar: Rs 2,389 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 700 per sq.ft (2024)
• SRI KRCNagar: Rs 1,600 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ranga Nagar Part-III

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total cost of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ranga Nagar Part-III?

Sri Ranga Nagar Part-III falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kayirambedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This value ensures that the transaction is transparent and fair, reflecting the official stance of the registration department.

Frequently asked questions

What is the current guideline value of Sri Ranga Nagar Part-III?

The current guideline value of Sri Ranga Nagar Part-III is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Ranga Nagar Part-III?

The land classification for Sri Ranga Nagar Part-III is Residential Special Type - II.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Ranga Nagar Part-III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.