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Guideline Value

Corporate

Guideline Value for Sri Ranganatha Nagar

₹1320/sq.ft.

The guideline value for Sri Ranganatha Nagar in Padappai village (Padappai SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padappai

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Ranganatha Nagar

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Sri Ranganatha Nagar guideline value

The current guideline value of Sri Ranganatha Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Padappai village and falls under the Padappai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Ranganatha Nagar has changed

Looking at the revisions, the guideline value for Sri Ranganatha Nagar has seen several changes over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then dropped to Rs 804 per sq.ft in the 2017 revision. Following that, the value increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft from the 2024 revision.

From the 2017 to 2023 revision, there was a significant increase of 49%. The 2023 to 2024 revision saw a 10% rise. Overall, comparing the 2012 revision to the current 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value in this village is Rs 830 per sq.ft, placing Sri Ranganatha Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Ranganatha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for these fees would be Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ranganatha Nagar?

The Sub Registrar Office that covers Sri Ranganatha Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Padappai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Ranganatha Nagar?

The current guideline value of Sri Ranganatha Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Padappai and their guideline values?

Other streets in Padappai include Sri Sai Avenue, Sri Saibaba Gardens, Sri Sai Baba Nagar, Sri Sai Baba Nagar Extn, Sri Rajeshwari Nagar, and Sri Selva Vinayagar Nagar, with values ranging from Rs 830 to Rs 1,320 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 13,20,000. The stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Sri Ranganatha Nagar?

The Padappai Sub Registrar Office handles registrations for Sri Ranganatha Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.