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Guideline Value

Corporate

Guideline Value for CHELLAMMAL NAGAR/MAIN ROAD/ 1ST & 2ND CROSS STREET

₹3100/sq.ft.

The guideline value for Chellammal Nagar/main Road/ 1st & 2nd 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 ₹1100 /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)

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 Chellammal Nagar/main Road/ 1st & 2nd Cross Street

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Chellammal Nagar/Main Road/ 1st & 2nd Cross Street guideline value

The current guideline value for Chellammal Nagar/Main Road/ 1st & 2nd Cross Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village under the Chennai South Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Chellammal Nagar/Main Road/ 1st & 2nd Cross Street has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,100 per sq.ft, which saw a significant increase to Rs 2,800 per sq.ft in 2012. However, there was a decrease to Rs 1,876 per sq.ft in 2017. The value then rose to Rs 2,800 per sq.ft in 2023, and currently stands at Rs 3,100 per sq.ft from the 2024 revision.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, the guideline value has increased by 182% from 2007 to 2024. The revisions for the years 2002 and 2003 do not have any figures recorded 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 value is Rs 3,100 per sq.ft, which is equal to the 2024 figure for Chellammal Nagar/Main Road/ 1st & 2nd Cross Street.

Stamp duty and registration fee for property in Chellammal Nagar/Main Road/ 1st & 2nd 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, 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chellammal Nagar/Main Road/ 1st & 2nd Cross Street?

The Sub Registrar Office that covers Chellammal Nagar/Main Road/ 1st & 2nd 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Chellammal Nagar/Main Road/ 1st & 2nd Cross Street?

The current guideline value for Chellammal Nagar/Main Road/ 1st & 2nd 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 1,100 per sq.ft in 2007 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 182% over the years.

What is the land classification for this street?

Chellammal Nagar/Main Road/ 1st & 2nd Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property here?

For a property with a guideline value of Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000.

Which Sub Registrar Office covers this area?

The Chennai South Joint II Sub Registrar Office covers Chellammal Nagar/Main Road/ 1st & 2nd Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.