Guideline Value for Sri Rangakrishna Nagar

Sri Rangakrishna Nagar guideline value

The current guideline value of Sri Rangakrishna Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class V Type - I.

How the guideline value of Sri Rangakrishna Nagar has changed

Over the years, the guideline value for Sri Rangakrishna Nagar has seen several revisions. In 2007, the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a 140% rise. However, between 2012 and 2017, the value decreased to Rs 402 per sq.ft, a drop of 33%. By 2023, the guideline value rose again to Rs 600 per sq.ft, and the latest revision in 2024 set it at Rs 800 per sq.ft, reflecting a 33% increase from the previous year.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Ist Division

In the Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO that have a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Sri Rangakrishna Nagar's 2024 figure below that median.

• Sri Rangaraj Veethi: Rs 800 per sq.ft (2024)
• State Bank Kalani: Rs 1,100 per sq.ft (2024)
• Sudarsan Nagar: Rs 800 per sq.ft (2024)
• Sudharsan Nagar: Rs 800 per sq.ft (2024)
• Sudharsan Nagar Extension: Rs 880 per sq.ft (2024)
• Suklapalayam Govindan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Rangakrishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Rangakrishna Nagar?

The Sub Registrar Office that covers Sri Rangakrishna Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ist Division. It serves as the basis for calculating the stamp duty and registration fees that are payable when a property is bought or sold.

When you register a property, the fees are determined based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Rangakrishna Nagar?

The current guideline value of Sri Rangakrishna Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2024, reflecting an overall increase of 220% over this period.

What is the median guideline value for streets in Ist Division?

The median guideline value for streets in Ist Division is Rs 880 per sq.ft, with Sri Rangakrishna Nagar's 2024 figure being below that median.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles property registrations for Sri Rangakrishna Nagar?

The Kanchipuram Joint IV Sub Registrar Office handles property registrations for Sri Rangakrishna Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.