Guideline Value

Corporate

Guideline Value for DR. RAMADOSS STREET

₹2200/sq.ft.

The guideline value for Dr. Ramadoss Street in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹128 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹110 /sq.ft.
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
044-29510536
[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 Dr. Ramadoss Street

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Dr. Ramadoss Street guideline value

The current guideline value of Dr. Ramadoss Street in Medavakkam village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Dr. Ramadoss Street has changed

The guideline value for Dr. Ramadoss Street has seen significant changes over the years. In 2002, the guideline value was Rs 110 per sq.ft, which increased to Rs 128 per sq.ft in 2003. Following this, there was a substantial rise to Rs 900 per sq.ft in 2007, marking an increase of 603%. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting a 122% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, showing a decline of 33%. The guideline value then rose to Rs 2,000 per sq.ft in 2023, before reaching the current figure of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,900%. There are no figures available for any other years in the register for this street.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Dr. Ramadoss Street.

Stamp duty and registration fee for property in Dr. Ramadoss Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ramadoss Street?

The Sub Registrar Office that covers Dr. Ramadoss Street is the Chennai South Joint I 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 Medavakkam

The guideline value is a crucial factor during the registration process when buying or selling property in Medavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. The guideline value ensures that the property is assessed fairly for taxation purposes.

When a property is registered, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Dr. Ramadoss Street?

The current guideline value of Dr. Ramadoss Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 110 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,900% over this period.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Dr. Ramadoss Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Dr. Ramadoss Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Medavakkam?

The median guideline value for streets in Medavakkam under the Chennai South Joint I SRO is Rs 2,200 per sq.ft, which is the same as the current guideline value for Dr. Ramadoss Street.