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Guideline Value

Corporate

Guideline Value for Dr. Ramamoorthy Nagar 4th Street

₹2750/sq.ft.

The guideline value for Dr. Ramamoorthy Nagar 4th Street 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 N/A
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 4th Street

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Dr. Ramamoorthy Nagar 4th Street guideline value

The current guideline value of Dr. Ramamoorthy Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Dr. Ramamoorthy Nagar 4th Street has changed

The guideline value register shows no figures for Dr. Ramamoorthy Nagar 4th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

As there have been no changes between the revisions, the 2024 figure of Rs 2,750 per sq.ft stands as the current guideline value for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are a total of 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, which is equal to the current value of Dr. Ramamoorthy Nagar 4th Street.

Stamp duty and registration fee for property in Dr. Ramamoorthy Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, making the total cost Rs 2,47,500. Please 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 detailed calculations.

Which Sub Registrar Office covers Dr. Ramamoorthy Nagar 4th Street?

The Sub Registrar Office that covers Dr. Ramamoorthy Nagar 4th Street 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 more information.

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

The guideline value is an essential factor during the registration process of property transactions. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property in Madipakkam-1, the guideline value helps both parties understand the fair value of the property. It is crucial for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations for their property's worth.

Frequently asked questions

What is the current guideline value of Dr. Ramamoorthy Nagar 4th Street?

The current guideline value of Dr. Ramamoorthy Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures recorded for Dr. Ramamoorthy Nagar 4th Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

What is the land classification for Dr. Ramamoorthy Nagar 4th Street?

The land classification for Dr. Ramamoorthy Nagar 4th Street is Residential Class I Type - III.

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

For a plot of 1,000 sq.ft at the guideline value of Rs 2,750 per sq.ft, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Dr. Ramamoorthy Nagar 4th Street located?

The Velacheri Sub Registrar Office, which covers Dr. Ramamoorthy Nagar 4th Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.