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Guideline Value

Corporate

Guideline Value for Dr. Ramamoorthy Nagar 1st Main Road

₹2750/sq.ft.

The guideline value for Dr. Ramamoorthy Nagar 1st Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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. Ramamoorthy Nagar 1st Main Road

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Dr. Ramamoorthy Nagar 1st Main Road guideline value

The current guideline value of Dr. Ramamoorthy Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class I Type - III.

How the guideline value of Dr. Ramamoorthy Nagar 1st Main Road has changed

The guideline value for Dr. Ramamoorthy Nagar 1st Main Road has seen significant changes over the years. In 2017, the guideline value was Rs 1,675 per sq.ft. With the 2024 revision, it increased to Rs 2,750 per sq.ft, marking a change of +64% from the 2017 figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. The 2024 value of Rs 2,750 per sq.ft aligns with the median guideline value for Madipakkam-1, which ranges from Rs 1,650 to Rs 5,500 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that have a 2024 guideline value. The median value for these streets is Rs 2,750 per sq.ft, which is the same as the guideline value for Dr. Ramamoorthy Nagar 1st Main Road.

Stamp duty and registration fee for property in Dr. Ramamoorthy Nagar 1st Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 Dr. Ramamoorthy Nagar 1st Main Road?

The Sub Registrar Office that covers Dr. Ramamoorthy Nagar 1st Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor when registering property in Madipakkam-1. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value influences the stamp duty and registration fees that need to be paid. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Ramamoorthy Nagar 1st Main Road?

The current guideline value of Dr. Ramamoorthy Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is a change of +64%.

What are the other streets in Madipakkam-1 with the same guideline value?

Other streets in Madipakkam-1 that share the same guideline value of Rs 2,750 per sq.ft include Dr. Ramamoorthy Nagar 1st Street, Dr. Ramamoorthy Nagar 2nd Main Road, Dr. Ramamoorthy Nagar 2nd Street, Dr. Ramamoorthy Nagar 3rd Street, and Dr. Ramamoorthy Nagar 4th Street.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Dr. Ramamoorthy Nagar 1st Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 27,50,000, the stamp duty would be Rs 1,92,500.