Guideline Value for Sri Ranga Nagar

Sri Ranga Nagar guideline value

The current guideline value of Sri Ranga Nagar, located in Moulivakkam village under the Kunrathur SRO, is Rs 2,450 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Ranga Nagar has changed

The guideline value for Sri Ranga Nagar has seen several revisions over the years. Starting from Rs 134 per sq.ft in 2003, it increased significantly to Rs 750 per sq.ft in 2007. The value then rose to Rs 2,200 per sq.ft in 2012, followed by a decrease to Rs 1,474 per sq.ft in 2017. The latest revisions show an increase to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,450 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 460% from 2003 to 2007, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2003 to 2024, the guideline value has increased by 1,728%.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median guideline value is Rs 2,450 per sq.ft, making the guideline value of Sri Ranga Nagar equal to this median.

• Sri Sairam Avenue, Sathyanarayanapuram: Rs 2,450 per sq.ft (2024)
• Srinivasapuram: Rs 2,450 per sq.ft (2024)
• Stalin Nagar: Rs 2,000 per sq.ft (2024)
• Sri Murugan Nagar: Rs 2,450 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 2,650 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 2,450 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ranga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, totaling Rs 2,20,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ranga Nagar?

The Sub Registrar Office that covers Sri Ranga Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Moulivakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sri Ranga Nagar?

The current guideline value of Sri Ranga Nagar is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2003 to Rs 2,450 per sq.ft in 2024, reflecting an overall increase of 1,728% over this period.

What is the land classification for Sri Ranga Nagar?

Sri Ranga Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,71,500 and the registration fee would be Rs 49,000, totaling Rs 2,20,500.

Which office handles registrations for Sri Ranga Nagar?

The Kunrathur Sub Registrar Office handles registrations for Sri Ranga Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.