Guideline Value for SRI RANGANATHAR NAGAR

Sri Ranganathar Nagar guideline value

The current guideline value of Sri Ranganathar Nagar, located in Devathanam village under the Ponneri SRO, is Rs 100 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Ranganathar Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a drop of 33%. The value then increased significantly by 49% in the 2023 revision, bringing it back up to Rs 100 per sq.ft. The 2024 revision maintained this value with no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Sri Ranganathar Nagar. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 100 per sq.ft.

Guideline values in Devathanam

In Devathanam village, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. Sri Ranganathar Nagar's 2024 figure aligns with this median.

• Sri Ragavendra Nagar: Rs 111 per sq.ft (2024)
• Sri Ragavendhra Nagar: Rs 111 per sq.ft (2024)
• Semmozhi Nagar Part III: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part II: Rs 100 per sq.ft (2024)
• Sakthi Sai Garden: Rs 100 per sq.ft (2024)
• Sai Saran Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ranganathar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Ranganathar Nagar?

The Sub Registrar Office that covers Sri Ranganathar Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Devathanam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Ranganathar Nagar?

The current guideline value of Sri Ranganathar Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, notably decreasing from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increasing back to Rs 100 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Sri Ranganathar Nagar?

Sri Ranganathar Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations for Sri Ranganathar Nagar.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.