Guideline Value for Sri Ranganathapuram Colony
₹250/sq.ft.
The guideline value for Sri Ranganathapuram Colony in Somangalam village (Sriperumpudur SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Somangalam
Village
Sriperumpudur
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹119 /sq.ft. |
| 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
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sri Ranganathapuram Colony
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Ranganathapuram Colony guideline value
The current guideline value of Sri Ranganathapuram Colony is Rs 250 per sq.ft, effective from 1 July 2024. This colony is located in Somangalam village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.
How the guideline value of Sri Ranganathapuram Colony has changed
The guideline value for Sri Ranganathapuram Colony has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 119 per sq.ft. This increased to Rs 250 per sq.ft in 2012, showing a significant rise of 110%. However, in 2017, the value decreased to Rs 167 per sq.ft, marking a drop of 33%. The value then rose again to Rs 250 per sq.ft in 2023, remaining unchanged in the 2024 revision.
From 2017 to 2023, there was a 50% increase, bringing the value back to Rs 250 per sq.ft. The overall change from 2007 to 2024 reflects a 110% increase, indicating a consistent valuation over the last few revisions. The register has no figures for the years 2002 and 2003 for this street.
Guideline values in Somangalam
In Somangalam, there are 86 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, positioning Sri Ranganathapuram Colony's 2024 value below this median.
- Sri Ram Avenue: Rs 250 per sq.ft (2024)
- Sri Rajaganapathy Nagar: Rs 400 per sq.ft (2024)
- Srinivasapuram: Rs 200 per sq.ft (2024)
- Sri Thanmitha City: Rs 350 per sq.ft (2024)
- Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
- Sri Kumaran Nagar: Rs 400 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Ranganathapuram Colony
For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. 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 the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Sri Ranganathapuram Colony?
The Sub Registrar Office that covers Sri Ranganathapuram Colony is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Somangalam
The guideline value is a critical factor in the registration process when buying or selling property in Somangalam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.
When a property transaction occurs, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency and fairness in property transactions.
Frequently asked questions
What is the current guideline value of Sri Ranganathapuram Colony?
The current guideline value of Sri Ranganathapuram Colony is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 119 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in 2023 and 2024.
What is the land classification of Sri Ranganathapuram Colony?
Sri Ranganathapuram Colony is classified as Residential Class II Type - I.
How do I calculate the stamp duty for a property in Sri Ranganathapuram Colony?
To calculate the stamp duty, you need to consider the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at a rate of 7%.
Where can I find the Sub Registrar Office for Sri Ranganathapuram Colony?
The Sub Registrar Office for Sri Ranganathapuram Colony is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
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