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Guideline Value

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Guideline Value for C.R. Ramakrishnapuram Phase 2, 1st Street

₹5500/sq.ft.

The guideline value for C.r. Ramakrishnapuram Phase 2, 1st Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹900 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹483 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 C.r. Ramakrishnapuram Phase 2, 1st Street

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C.R. Ramakrishnapuram Phase 2, 1st Street guideline value

The current guideline value of C.R. Ramakrishnapuram Phase 2, 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of C.R. Ramakrishnapuram Phase 2, 1st Street has changed

The guideline value for C.R. Ramakrishnapuram Phase 2, 1st Street has seen several revisions over the years. Starting from Rs 483 per sq.ft in 2002, it increased to Rs 900 per sq.ft in 2003, marking an increase of 86%. By 2007, the value rose significantly to Rs 1,100 per sq.ft, a change of 22%. The 2012 revision brought the value to Rs 5,000 per sq.ft, reflecting a substantial increase of 355%. However, the value decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 5,000 per sq.ft, followed by the latest revision in 2024, which increased it to Rs 5,500 per sq.ft, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 1,039%, showcasing significant changes over the years. The register has no figures for the years not mentioned in this summary.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in the village is Rs 4,400 per sq.ft, which means that C.R. Ramakrishnapuram Phase 2, 1st Street's 2024 figure is above that median.

Stamp duty and registration fee for property in C.R. Ramakrishnapuram Phase 2, 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, resulting in a total of Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.R. Ramakrishnapuram Phase 2, 1st Street?

The Sub Registrar Office that covers C.R. Ramakrishnapuram Phase 2, 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the property transaction process. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of C.R. Ramakrishnapuram Phase 2, 1st Street?

The current guideline value of C.R. Ramakrishnapuram Phase 2, 1st Street is Rs 5,500 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 483 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1,039% over the years.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential in calculating stamp duty and registration fees during property transactions.

Where can I find the Sub Registrar Office for C.R. Ramakrishnapuram Phase 2, 1st Street?

The Sub Registrar Office for C.R. Ramakrishnapuram Phase 2, 1st Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How can I calculate the stamp duty and registration fees?

To calculate the stamp duty and registration fees for property transactions, you can use the stamp duty and registration fee calculator available online.