Guideline Value

Corporate

Guideline Value for Andavar Nagar Main Road

₹3100/sq.ft.

The guideline value for Andavar Nagar 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 Andavar Nagar Main Road

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Andavar Nagar Main Road guideline value

The current guideline value of Andavar Nagar Main Road 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 Andavar Nagar Main Road has changed

The guideline value for Andavar Nagar Main Road has seen several revisions over the years. In 2012, the value was set at Rs 2,800 per sq.ft. This figure remained unchanged until 2017 when it decreased to Rs 1,876 per sq.ft. Following this, the value increased significantly to Rs 2,800 per sq.ft in 2023, and then rose again to the current value of Rs 3,100 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, the guideline value has increased by 11% from 2012 to 2024.

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 value for these streets is Rs 3,100 per sq.ft, which is equal to the current guideline value of Andavar Nagar Main Road.

Stamp duty and registration fee for property in Andavar Nagar 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 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 or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Andavar Nagar Main Road?

The Andavar Nagar Main Road is covered by 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to property sales.

When a buyer purchases property, the guideline value is used to calculate the total fees, ensuring that all transactions are conducted transparently and fairly. This value helps in maintaining a standard across various properties in the area.

Frequently asked questions

What is the current guideline value of Andavar Nagar Main Road?

The current guideline value of Andavar Nagar 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 Andavar Nagar Main Road?

The land classification for Andavar Nagar Main Road 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 Andavar Street / Nagar, Andavar Nagar 1 to 3 Street, and several cross streets of Andal Nagr.

Where can I find the Sub Registrar Office for Andavar Nagar Main Road?

The Sub Registrar Office that covers Andavar Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.