Guideline Value for SRI RANGANATHA NAGAR

Sri Ranganatha Nagar guideline value

The current guideline value of Sri Ranganatha Nagar is Rs 950 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village, under the Avadi SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Ranganatha Nagar has changed

The guideline value for Sri Ranganatha Nagar has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and currently stands at Rs 950 per sq.ft from the 2024 revision.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 6% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Sri Ranganatha Nagar is below this median.

• Sri Ram Nagar Extn: Rs 3,225 per sq.ft (2024)
• Sri Ram Nagar: Rs 1,625 per sq.ft (2024)
• Sriram Anex: Rs 1,625 per sq.ft (2024)
• Sri Sudarsanam Nagar: Rs 1,925 per sq.ft (2024)
• Sri Sudarsanam Nagar Phase III: Rs 2,210 per sq.ft (2024)
• Sri Sudharsanam Nagar Phase - II: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ranganatha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ranganatha Nagar?

The Sri Ranganatha Nagar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important to be aware of the guideline value to ensure compliance with registration requirements and to avoid any disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Ranganatha Nagar?

The current guideline value of Sri Ranganatha Nagar is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and currently to Rs 950 per sq.ft in 2024.

What is the land classification for Sri Ranganatha Nagar?

Sri Ranganatha Nagar falls under the Residential Class II Type - I land classification.

Where can I find the registration office for Sri Ranganatha Nagar?

The registration office covering Sri Ranganatha Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Sri Ranganatha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 9,50,000, the stamp duty would be Rs 66,500.