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Guideline Value for Sri Ranga Avenue (Madras City Co- Operarive Building Socity Nagar)

₹2200/sq.ft.effective 1 July 2024

Chennai zone Kathirvedu village Ambattur SRO Residential Special Type - Ii

The guideline value for Sri Ranga Avenue (madras City Co- Operarive Building Socity Nagar) in Kathirvedu village (Ambattur SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹150 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹120 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Ranga Avenue (madras City Co- Operarive Building Socity Nagar)

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Sri Ranga Avenue (Madras City Co- Operarive Building Socity Nagar) guideline value

The current guideline value of Sri Ranga Avenue (Madras City Co- Operarive Building Socity Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kathirvedu village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Ranga Avenue (Madras City Co- Operarive Building Socity Nagar) has changed

The guideline value for Sri Ranga Avenue has undergone several revisions over the years. In 2002, the guideline value was Rs 120 per sq.ft, which increased to Rs 150 per sq.ft in 2003, marking a 25% rise. The value saw a significant jump to Rs 500 per sq.ft in 2007, representing a 300% increase. However, it decreased to Rs 2,000 per sq.ft in 2012, a decline of 33%. The value then rose to Rs 1,340 per sq.ft in 2017, an increase of 49%. The most recent revision in 2023 set the value at Rs 2,000 per sq.ft, which was then increased by 10% to the current Rs 2,200 per sq.ft in 2024.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,733%.

Guideline values in Kathirvedu

Kathirvedu village has 78 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Sri Ranga Avenue is above this median.

Stamp duty and registration fee for property in Sri Ranga Avenue (Madras City Co- Operarive Building Socity Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ranga Avenue (Madras City Co- Operarive Building Socity Nagar)?

The Sub Registrar Office that covers Sri Ranga Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Kathirvedu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that both the seller and buyer comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ranga Avenue?

The current guideline value of Sri Ranga Avenue (Madras City Co- Operarive Building Socity Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,733% over this period.

What is the land classification for Sri Ranga Avenue?

Sri Ranga Avenue is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office located for Sri Ranga Avenue?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.