Guideline Value for Sri Rangaraj Veethi

Sri Rangaraj Veethi guideline value

The current guideline value of Sri Rangaraj Veethi is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and falls under Residential Class V Type - I land classification.

How the guideline value of Sri Rangaraj Veethi has changed

The guideline value for Sri Rangaraj Veethi has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision has raised it further to Rs 800 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The guideline value increased by 33% from 2023 to 2024, leading to an overall increase of 33% from 2012 to 2024.

Guideline values in Ist Division

In the Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of Sri Rangaraj Veethi is below this median.

• Sri Rangakrishna Nagar: Rs 800 per sq.ft (2024)
• State Bank Kalani: Rs 1,100 per sq.ft (2024)
• Sudarsan Nagar: Rs 800 per sq.ft (2024)
• Sudharsan Nagar: Rs 800 per sq.ft (2024)
• Sudharsan Nagar Extension: Rs 880 per sq.ft (2024)
• Suklapalayam Govindan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Rangaraj Veethi

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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Rangaraj Veethi?

The Sub Registrar Office that covers Sri Rangaraj Veethi is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Sri Rangaraj Veethi?

The current guideline value of Sri Rangaraj Veethi 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 from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 800 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sri Rangaraj Veethi?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 8,00,000. The stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Sri Rangaraj Veethi?

The Kanchipuram Joint IV Sub Registrar Office covers Sri Rangaraj Veethi, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification for Sri Rangaraj Veethi?

Sri Rangaraj Veethi is classified as Residential Class V Type - I.