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Guideline Value

Corporate

Guideline Value for Amman Nagar 1st Cross Street

₹3100/sq.ft.

The guideline value for Amman Nagar 1st Cross Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
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

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Amman Nagar 1st Cross Street

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Amman Nagar 1st Cross Street guideline value

The current guideline value of Amman Nagar 1st Cross Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Amman Nagar 1st Cross Street has changed

The guideline value for Amman Nagar 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,800 per sq.ft. This figure remained unchanged until the 2017 revision, which reduced it to Rs 1,876 per sq.ft, marking a decrease of 33%. The next revision in 2023 increased the value to Rs 2,800 per sq.ft, followed by the current 2024 revision, which raised it to Rs 3,100 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, which is the same as the current value for Amman Nagar 1st Cross Street.

Stamp duty and registration fee for property in Amman Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Amman Nagar 1st Cross Street?

The Sub Registrar Office that covers Amman Nagar 1st Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

When buying or selling property in Ramapuram, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is established by the government and serves as a benchmark for property transactions in the area.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue based on the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Amman Nagar 1st Cross Street?

The current guideline value of Amman Nagar 1st Cross Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then back to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024. Overall, from 2012 to 2024, it has increased by 11%.

What is the land classification for Amman Nagar 1st Cross Street?

The land classification for Amman Nagar 1st Cross Street is Residential Class II Type - I.

What are the other streets in Ramapuram with the same guideline value?

Other streets in Ramapuram that share the same guideline value of Rs 3,100 per sq.ft include Amman Nagar 1st Main Road, Amman Nagar 2nd Main Road, Amman Nagar 3rd Main Road, Amman Nagar, Anandam Nagar, and Anandam Nagar 1st Main Road.

How is the stamp duty calculated for properties in Amman Nagar 1st Cross Street?

The stamp duty for properties in Amman Nagar 1st Cross Street is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.