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Guideline Value

Corporate

Guideline Value for Chidambaram Nagar Ist Main Road

₹3100/sq.ft.

The guideline value for Chidambaram Nagar Ist 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 Chidambaram Nagar Ist Main Road

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Chidambaram Nagar Ist Main Road guideline value

The current guideline value of Chidambaram Nagar Ist 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, with a land classification of Residential Class II Type - I.

How the guideline value of Chidambaram Nagar Ist Main Road has changed

Over the years, the guideline value for Chidambaram Nagar Ist Main Road has seen several revisions. The 2012 revision set the value at Rs 2,800 per sq.ft, which then changed to Rs 1,876 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,800 per sq.ft, and the latest revision in 2024 raised it to Rs 3,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The 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 is Rs 3,100 per sq.ft, which is equal to the guideline value of Chidambaram Nagar Ist Main Road.

Stamp duty and registration fee for property in Chidambaram Nagar Ist Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,100 per sq.ft, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chidambaram Nagar Ist Main Road?

The Sub Registrar Office that covers Chidambaram Nagar Ist 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 property registration in Ramapuram. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is documented at a recognized value.

When buying or selling property, the guideline value helps in determining the legal and financial aspects of the transaction. Buyers and sellers must be aware of the current guideline value, as it directly impacts the costs associated with registration.

Frequently asked questions

What is the current guideline value of Chidambaram Nagar Ist Main Road?

The current guideline value of Chidambaram Nagar Ist 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 to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What are the other streets with the same guideline value in Ramapuram?

Other streets in Ramapuram with the same guideline value of Rs 3,100 per sq.ft include Chidambaram Nagar 2nd Street, Chidambaram Nagar Ist Street, Chidambaram Nagar, and Chinna Street.

What is the stamp duty rate for property in Chidambaram Nagar Ist Main Road?

The stamp duty rate for property in Chidambaram Nagar Ist Main Road is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Chidambaram Nagar Ist Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.