Guideline Value for Sri Ranganathapuram Colony
₹250/sq.ft.
The guideline value for Sri Ranganathapuram Colony in Somangalam_b 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_b
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 | N/A |
| 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
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_B 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 revision was in 2017, where the value was Rs 167 per sq.ft. This value remained unchanged until the 2023 revision, where it was updated to Rs 250 per sq.ft. The 2024 revision maintained the same value of Rs 250 per sq.ft, indicating no change from the previous year.
From 2017 to 2023, the guideline value increased by 50%. Overall, from 2017 to 2024, the increase is also 50%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.
Guideline values in Somangalam_B
In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value among these streets is Rs 250 per sq.ft, which is equal to the guideline value of Sri Ranganathapuram Colony.
- 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, bringing the total fees to 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 use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Sri Ranganathapuram Colony?
The Sri Ranganathapuram Colony falls under the jurisdiction of 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_B
The guideline value is a crucial factor when registering property transactions in Somangalam_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.
When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.
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 remained at Rs 250 per sq.ft since the 2023 revision. It increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, marking a 50% increase over that period.
What is the land classification for Sri Ranganathapuram Colony?
Sri Ranganathapuram Colony is classified as Residential Class II Type - I, indicating its suitability for residential development.
Where can I find the Sub Registrar Office for Sri Ranganathapuram Colony?
The Sub Registrar Office covering Sri Ranganathapuram Colony is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
How is stamp duty calculated for properties in Sri Ranganathapuram Colony?
Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at 7%, along with a registration fee of Rs 5,000 at 2%.
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