Guideline Value

Corporate

Guideline Value for Amman Nagar 2nd Main Road

₹3100/sq.ft.

The guideline value for Amman Nagar 2nd Main Road 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 2nd Main Road

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Amman Nagar 2nd Main Road guideline value

The current guideline value of Amman Nagar 2nd Main Road is Rs 3,100 per sq.ft, effective from 1 July 2024. This road 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 2nd Main Road has changed

Over the years, the guideline value of Amman Nagar 2nd Main Road has seen several revisions. The 2012 revision set the value at Rs 2,800 per sq.ft, which was then followed by a decrease to Rs 1,876 per sq.ft in the 2017 revision. However, this figure saw a significant increase to Rs 2,800 per sq.ft in the 2023 revision, and the latest 2024 revision has further raised it to Rs 3,100 per sq.ft, marking an 11% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. When looking at the overall change from 2012 to 2024, the guideline value has increased by 11%. It is important to note that 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 carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for this area is Rs 3,100 per sq.ft, which is equal to the current guideline value of Amman Nagar 2nd Main Road.

Stamp duty and registration fee for property in Amman Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty at 7% would amount to Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, together totaling Rs 2,79,000. 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 Amman Nagar 2nd Main Road?

The Sub Registrar Office that covers Amman Nagar 2nd Main Road 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 information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established values set by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Amman Nagar 2nd Main Road?

The current guideline value of Amman Nagar 2nd Main Road 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 increased to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What is the land classification for Amman Nagar 2nd Main Road?

The land classification for Amman Nagar 2nd Main Road is Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Amman Nagar 2nd Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 31,00,000, resulting in a stamp duty of Rs 2,17,000 and a registration fee of Rs 62,000, totaling Rs 2,79,000.

Which office handles registrations for Amman Nagar 2nd Main Road?

The Chennai South Joint II Sub Registrar Office handles registrations for Amman Nagar 2nd Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.