Guideline Value for SRI RANGA NATHA NAGAR

Sri Ranga Natha Nagar guideline value

The current guideline value of Sri Ranga Natha Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Sri Ranga Natha Nagar has changed

The guideline value for Sri Ranga Natha Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was a decrease of 33% from the 2017 revision value of Rs 134 per sq.ft. However, the 2023 revision maintained the value at Rs 200 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Sri Ranga Natha Nagar.

• Sri Sai Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)
• St.Marys Nagar: Rs 200 per sq.ft (2024)
• Subbaraya Nagar: Rs 200 per sq.ft (2024)
• Subbaraya Nagar Annex: Rs 200 per sq.ft (2024)
• Sri Danalakshmi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ranga Natha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Sri Ranga Natha Nagar?

Sri Ranga Natha Nagar is covered by the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Venmanamputhur. It serves as a benchmark for determining stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

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

Frequently asked questions

What is the current guideline value of Sri Ranga Natha Nagar?

The current guideline value of Sri Ranga Natha Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a previous value of Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012. There are no figures for the years 2002, 2003, and 2007.

What is the land classification of Sri Ranga Natha Nagar?

Sri Ranga Natha Nagar is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for Sri Ranga Natha Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Sri Ranga Natha Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.