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Guideline Value

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Guideline Value for Sri Ranganathapuram Colony I to III

₹880/sq.ft.

The guideline value for Sri Ranganathapuram Colony I To Iii in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 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

Nandambakkam

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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 Ranganathapuram Colony I To Iii

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Sri Ranganathapuram Colony I to III guideline value

The current guideline value for Sri Ranganathapuram Colony I to III is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai SRO. The land classification for this region is Residential Class I Type - I.

How the guideline value of Sri Ranganathapuram Colony I to III has changed

The guideline value for Sri Ranganathapuram Colony I to III has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 800 per sq.ft. Prior to that, the 2017 revision listed the value at Rs 536 per sq.ft, showing a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 800 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that the register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Nandambakkam

Nandambakkam village has a total of 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is equal to the current guideline value for Sri Ranganathapuram Colony I to III.

Stamp duty and registration fee for property in Sri Ranganathapuram Colony I to III

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 Ranganathapuram Colony I to III?

The Sri Ranganathapuram Colony I to III area is covered by 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 Nandambakkam

The guideline value is a crucial factor when registering property transactions in Nandambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is in line with government valuations.

When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legalizing the transaction. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Sri Ranganathapuram Colony I to III?

The current guideline value for Sri Ranganathapuram Colony I to III is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024, marking a 10% increase. In 2017, the value was Rs 536 per sq.ft, which increased by 49% to Rs 800 per sq.ft in 2023.

What is the land classification for this area?

The land classification for Sri Ranganathapuram Colony I to III is Residential Class I Type - I.

Where can I find the Padappai Sub Registrar Office?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.