Guideline Value for SRI RANGANATHAR AVENUE

Sri Ranganathar Avenue guideline value

The current guideline value of Sri Ranganathar Avenue is Rs 670 per sq.ft, effective from 1 July 2024. This street is located in Palur-B village under the Chengleput Joint II SRO, and it falls under the Mixed Type - III land classification.

How the guideline value of Sri Ranganathar Avenue has changed

Over the years, the guideline value of Sri Ranganathar Avenue has remained stable. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 670 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there was no percentage change, indicating that the guideline value has remained consistent at Rs 670 per sq.ft for these two years.

Guideline values in Palur-B

In Palur-B, there are seven streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 800 per sq.ft. The median value is Rs 670 per sq.ft, which is equal to the guideline value of Sri Ranganathar Avenue.

• Saradhammal Nagar: Rs 400 per sq.ft (2024)
• Sai Linga Nagar: Rs 400 per sq.ft (2024)
• Sameera Florenza: Rs 670 per sq.ft (2024)
• Sameera Florenza Phase - I: Rs 800 per sq.ft (2024)
• V.G.R Nagar.: Rs 400 per sq.ft (2024)
• ஸ்ரீ ஸ்ரீனிவாசா அவென்யூ: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ranganathar Avenue

For a 1,000 sq.ft plot at the current rate of Rs 670 per sq.ft, the guideline value would be Rs 6,70,000. The stamp duty at 7% would amount to Rs 46,900, while the registration fee at 2% would be Rs 13,400, bringing the total to Rs 60,300. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sri Ranganathar Avenue?

The Sub Registrar Office that covers Sri Ranganathar Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palur-B

The guideline value is a crucial factor during the registration of property transactions in Palur-B. It serves as the basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official value assigned to the property.

When purchasing or selling property, the guideline value helps in determining the financial obligations involved in the transaction. It is essential for buyers to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ranganathar Avenue?

The current guideline value of Sri Ranganathar Avenue is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Ranganathar Avenue has remained stable at Rs 670 per sq.ft since the 2023 revision, with no changes from 2023 to 2024.

What are the guideline values of other streets in Palur-B?

Other streets in Palur-B have varying guideline values, ranging from Rs 400 to Rs 800 per sq.ft. The median value is Rs 670 per sq.ft, which is the same as that of Sri Ranganathar Avenue.

What are the stamp duty and registration fees for property in Sri Ranganathar Avenue?

For a property valued at Rs 6,70,000, the stamp duty would be Rs 46,900 and the registration fee would be Rs 13,400, totaling Rs 60,300. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Ranganathar Avenue?

The Chengleput Joint II Sub Registrar Office covers Sri Ranganathar Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of property transactions in the area.