Guideline Value for SRI SAI RANGA NAGAR

Sri Sai Ranga Nagar guideline value

The current guideline value of Sri Sai Ranga Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Aatrambakkam village under the Oothukkottai SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Sai Ranga 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, reflecting a drop of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 100 per sq.ft. The 2023 revision also maintained this value through to the 2024 revision, which again set the guideline value at Rs 100 per sq.ft, indicating no change.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Thus, the only revisions with available figures are from 2012, 2017, 2023, and 2024.

Guideline values in Aatrambakkam

Aatrambakkam village has a total of 7 streets under the Oothukkottai SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 400 per sq.ft. The median value is Rs 100 per sq.ft, which is the same as the guideline value for Sri Sai Ranga Nagar.

• Sairam Garden -Phase-II: Rs 100 per sq.ft (2024)
• Sairam Garden -Phase-I: Rs 100 per sq.ft (2024)
• Vgp Thirunagar: Rs 100 per sq.ft (2024)
• Arunodhaya Nagar: Rs 100 per sq.ft (2024)
• Mani Nagar: Rs 400 per sq.ft (2024)
• பெயரிடபடாத மனைப்பிரிவு: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Ranga 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, making the total cost for these fees Rs 9,000. 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 detailed calculations.

Which Sub Registrar Office covers Sri Sai Ranga Nagar?

The Sub Registrar Office that covers Sri Sai Ranga Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Aatrambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for any property transaction. Buyers and sellers should be aware that these fees are calculated based on the higher value between the guideline value and the actual sale price.

When engaging in a property transaction, it is essential to consult the guideline value to ensure compliance with local regulations. This helps in determining the financial obligations associated with the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of Sri Sai Ranga Nagar?

The current guideline value of Sri Sai Ranga 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 various changes, with the most recent revisions being Rs 100 per sq.ft in 2023 and 2024, a decrease to Rs 67 per sq.ft in 2017, and a return to Rs 100 per sq.ft in 2012.

Which Sub Registrar Office covers Sri Sai Ranga Nagar?

The Oothukkottai Sub Registrar Office covers Sri Sai Ranga Nagar, located near the government hospital in Uthukottai, Chennai 602026.

What are the stamp duty and registration fees for property in Sri Sai Ranga Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

What other streets in Aatrambakkam have guideline values?

Other streets in Aatrambakkam include Sairam Garden -Phase-I, Sairam Garden -Phase-II, Vgp Thirunagar, Arunodhaya Nagar, Mani Nagar, and a street known as பெயரிடபடாத மனைப்பிரிவு, all of which have varying guideline values.