Guideline Value

Corporate

Guideline Value for SriRanganathapuram Colony

₹440/sq.ft.

The guideline value for Sriranganathapuram Colony in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /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

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 Sriranganathapuram Colony

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SriRanganathapuram Colony guideline value

The current guideline value for SriRanganathapuram Colony in Nandambakkam village is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Residential Class V Type - III.

How the guideline value of SriRanganathapuram Colony has changed

The guideline value for SriRanganathapuram Colony has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 50 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 700% rise. However, it dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 400 per sq.ft in 2023, before reaching the current value of Rs 440 per sq.ft in 2024, reflecting a 10% increase from the previous year.

In total, from 2007 to 2024, the guideline value has increased by 780%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandambakkam

In Nandambakkam, there are 94 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,300 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for SriRanganathapuram Colony is below this median.

Stamp duty and registration fee for property in SriRanganathapuram Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Please 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 further calculations.

Which Sub Registrar Office covers SriRanganathapuram Colony?

The Sub Registrar Office that covers SriRanganathapuram Colony is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Nandambakkam. It serves as a benchmark for determining the value of the property for registration purposes. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately with the appropriate government authorities. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of SriRanganathapuram Colony?

The current guideline value of SriRanganathapuram Colony is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 50 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What is the registration office for SriRanganathapuram Colony?

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

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value or sale price.

What are the guideline values of other streets in Nandambakkam?

Other streets in Nandambakkam have varying guideline values, with rates ranging from Rs 440 to Rs 2,300 per sq.ft. For example, Sri Ranganathanpuram Part I To V is Rs 990 per sq.ft, while Sri Sakthi Nagar is Rs 440 per sq.ft.