Guideline Value for Sri Ranganathar Nagar

Sri Ranganathar Nagar guideline value

The current guideline value of Sri Ranganathar Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Atanancheri village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Ranganathar Nagar has changed

Over the years, the guideline value for Sri Ranganathar Nagar has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 175 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 357%. However, the value dropped to Rs 536 per sq.ft in 2017, a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 800 per sq.ft, reflecting no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. The overall change from the 2007 revision to the current 2024 value shows a substantial increase of 357%.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for the village is Rs 700 per sq.ft, placing Sri Ranganathar Nagar above this median.

• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 800 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 500 per sq.ft (2024)
• Sri Vari Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ranganathar 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 together 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ranganathar Nagar?

The Sub Registrar Office that covers Sri Ranganathar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Atanancheri. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property registration.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction reflects the true value of the property as recognized by the state.

Frequently asked questions

What is the current guideline value of Sri Ranganathar Nagar?

The current guideline value of Sri Ranganathar 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 several times, from Rs 175 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then to Rs 536 per sq.ft in 2017, and back to Rs 800 per sq.ft in 2023 and 2024.

What are the other streets in Atanancheri with their guideline values?

Other streets in Atanancheri include Sri Ram Nagar at Rs 500 per sq.ft, Sri Sakthi Nagar at Rs 800 per sq.ft, and others with values ranging from Rs 500 to Rs 600 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Ranganathar Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 72,000.

Which office handles the registration for Sri Ranganathar Nagar?

The Gooduvancheri Sub Registrar Office handles the registration for Sri Ranganathar Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.