Guideline Value

Corporate

Guideline Value for Chellammal Link Road

₹3100/sq.ft.

The guideline value for Chellammal Link 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 Chellammal Link Road

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Chellammal Link Road guideline value

The current guideline value of Chellammal Link Road in Ramapuram village is Rs 3,100 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Chellammal Link Road has changed

Looking at the revisions over the years, the guideline value for Chellammal Link Road was Rs 2,800 per sq.ft in 2023, which increased to Rs 3,100 per sq.ft in 2024, marking an increase of 11%. In the earlier revision from 2017, the value was Rs 1,876 per sq.ft, which saw a significant rise of 49% to reach Rs 2,800 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, and 2007.

Prior to 2017, the 2012 revision also recorded a value of Rs 2,800 per sq.ft, which was a decrease of 33% from Rs 1,876 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value increased by 11% from Rs 2,800 per sq.ft to Rs 3,100 per sq.ft.

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 is Rs 3,100 per sq.ft, which is equal to the guideline value of Chellammal Link Road.

Stamp duty and registration fee for property in Chellammal Link 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 charges 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Chellammal Link Road?

The Chellammal Link 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 details, 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 minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in the eyes of the law.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, which can significantly impact the total cost involved in the property transaction.

Frequently asked questions

What is the current guideline value of Chellammal Link Road?

The current guideline value of Chellammal Link 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 seen various changes, with the most recent revision in 2024 showing an increase from Rs 2,800 per sq.ft in 2023 to Rs 3,100 per sq.ft. Over the years, it has risen from Rs 1,876 per sq.ft in 2017 to the current value.

What is the land classification for Chellammal Link Road?

Chellammal Link Road is classified as Residential Class II Type - I, indicating its suitability for residential developments.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Chellammal Link Road?

The registrations for Chellammal Link Road are handled 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.