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Guideline Value

Corporate

Guideline Value for Dr. Ramasamy Mudhaliyar Salai

₹7700/sq.ft.

The guideline value for Dr. Ramasamy Mudhaliyar Salai in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2580 /sq.ft.
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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. Ramasamy Mudhaliyar Salai

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Dr. Ramasamy Mudhaliyar Salai guideline value

The current guideline value of Dr. Ramasamy Mudhaliyar Salai is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Mixed Type - II land.

How the guideline value of Dr. Ramasamy Mudhaliyar Salai has changed

The guideline value for Dr. Ramasamy Mudhaliyar Salai has undergone several revisions over the years. The 2007 revision recorded a value of Rs 2,580 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012, marking a 171% rise. However, this value decreased to Rs 4,690 per sq.ft in 2017, a decline of 33%. By the 2023 revision, the value had risen to Rs 7,000 per sq.ft, and the latest revision in 2024 shows a further increase to Rs 7,700 per sq.ft, reflecting a 10% growth from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 198%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Dr. Ramasamy Mudhaliyar Salai's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Dr. Ramasamy Mudhaliyar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, together totaling Rs 6,93,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ramasamy Mudhaliyar Salai?

The Sub Registrar Office that covers Dr. Ramasamy Mudhaliyar Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kodambakkam

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the official rates set by the government. This process aids in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Dr. Ramasamy Mudhaliyar Salai?

The current guideline value of Dr. Ramasamy Mudhaliyar Salai is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,580 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 198%.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 6,93,000.

Which Sub Registrar Office covers Dr. Ramasamy Mudhaliyar Salai?

The Ashok Nagar Sub Registrar Office covers Dr. Ramasamy Mudhaliyar Salai, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Dr. Ramasamy Mudhaliyar Salai?

Dr. Ramasamy Mudhaliyar Salai is classified as Mixed Type - II land.