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Guideline Value

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Guideline Value for E.V.P.Santhosh Nagar 1st Main Road

₹3550/sq.ft.

The guideline value for E.v.p.santhosh Nagar 1st Main Road in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3550 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3550 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /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 E.v.p.santhosh Nagar 1st Main Road

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E.V.P.Santhosh Nagar 1st Main Road guideline value

The current guideline value of E.V.P.Santhosh Nagar 1st Main Road is Rs 3,550 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of E.V.P.Santhosh Nagar 1st Main Road has changed

The guideline value for E.V.P.Santhosh Nagar 1st Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was reduced to Rs 2,144 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 3,200 per sq.ft in the 2023 revision, and then rose again to the current figure of Rs 3,550 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, there has been an 11% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, placing E.V.P.Santhosh Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in E.V.P.Santhosh Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value would be Rs 35,50,000. The stamp duty at 7% would amount to Rs 2,48,500, while the registration fee at 2% would be Rs 71,000. In total, the charges would be Rs 3,19,500. It is important to 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 E.V.P.Santhosh Nagar 1st Main Road?

The E.V.P.Santhosh Nagar 1st Main Road is covered by 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 in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of E.V.P.Santhosh Nagar 1st Main Road?

The current guideline value of E.V.P.Santhosh Nagar 1st Main Road is Rs 3,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then to Rs 3,200 per sq.ft in 2023, and currently stands at Rs 3,550 per sq.ft in 2024.

What is the land classification for E.V.P.Santhosh Nagar 1st Main Road?

The land classification for E.V.P.Santhosh Nagar 1st Main Road is Residential Class I Type - II.

Which Sub Registrar Office covers this area?

The Chennai South Joint II Sub Registrar Office covers E.V.P.Santhosh Nagar 1st Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 35,50,000, the stamp duty would be Rs 2,48,500 at a rate of 7%.