Guideline Value for SRI RANGAN NAGAR

Sri Rangan Nagar guideline value

The current guideline value of Sri Rangan Nagar, located in Puliyampakkam village, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which falls under the jurisdiction of the Walajabad Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Rangan Nagar has changed

In the 2024 revision, the guideline value for Sri Rangan Nagar is set at Rs 300 per sq.ft, which remains unchanged from the 2023 revision, where it was also Rs 300 per sq.ft. The register has no figures for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

Since there was no change in the guideline value from 2023 to 2024, the percentage change is +0%. The absence of figures in previous revisions indicates stability in the recorded values for this street over the years.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing the 2024 figure for Sri Rangan Nagar above this median.

• Sri Sairam Nagar: Rs 200 per sq.ft (2024)
• Sri Selvi Nagar: Rs 200 per sq.ft (2024)
• Sri Sivam Avenue: Rs 200 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 200 per sq.ft (2024)
• Sri Lakshmi Narasimman Garden: Rs 250 per sq.ft (2024)
• Sri Gangai Amman Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Rangan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would then be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Rangan Nagar?

Sri Rangan Nagar falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Puliyampakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a buyer or seller engages in a property transaction, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Rangan Nagar?

The current guideline value of Sri Rangan Nagar is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Sri Rangan Nagar has remained unchanged at Rs 300 per sq.ft from 2023 to 2024. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Rangan Nagar?

Sri Rangan Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty rates for property in Sri Rangan Nagar?

The stamp duty for property transactions in Sri Rangan Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Sri Rangan Nagar?

The Walajabad Sub Registrar Office, which covers Sri Rangan Nagar, is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.