Guideline Value for SRI RANGANATHAR NAGAR

Sri Ranganathar Nagar guideline value

The current guideline value of Sri Ranganathar Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class V Type - I.

How the guideline value of Sri Ranganathar Nagar has changed

The guideline value for Sri Ranganathar Nagar has undergone several revisions. The earliest recorded figure is from 2017, where it was Rs 335 per sq.ft. This value increased to Rs 500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that have a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Sri Ranganathar Nagar's 2024 figure below this median.

• Stwerdpettai 1st Line: Rs 1,099 per sq.ft (2024)
• Stwerdpettai 2nd Street: Rs 1,099 per sq.ft (2024)
• Srilakshmi Nagar: Rs 825 per sq.ft (2024)
• Subramaniam Maistry Street: Rs 825 per sq.ft (2024)
• Subramanianagar 5th Street: Rs 1,099 per sq.ft (2024)
• Subramaniapuram: Rs 825 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. 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 Ranganathar Nagar?

The Sub Registrar Office that covers Sri Ranganathar Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of Sri Ranganathar Nagar?

The current guideline value of Sri Ranganathar Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for properties in Sri Ranganathar Nagar?

The total stamp duty for a property valued at Rs 5,50,000 would be Rs 38,500, and the registration fee would be Rs 11,000, leading to a total of Rs 49,500.

Which office handles registrations for Sri Ranganathar Nagar?

The Thiruttani Sub Registrar Office is responsible for handling registrations for Sri Ranganathar Nagar, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand that the duty is charged on the higher of the guideline value or the sale price.