Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for HIGH VIEW NAGAR (RAYALA NAGAR ANNEXE)

₹3850/sq.ft.

The guideline value for High View Nagar (rayala Nagar Annexe) in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 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

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹518 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹419 /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
044-29510538
[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 High View Nagar (rayala Nagar Annexe)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

High View Nagar (Rayala Nagar Annexe) guideline value

The current guideline value of High View Nagar (Rayala Nagar Annexe) is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of High View Nagar (Rayala Nagar Annexe) has changed

The guideline value for High View Nagar (Rayala Nagar Annexe) has seen significant changes over the years. In 2002, the guideline value was Rs 419 per sq.ft. This increased to Rs 518 per sq.ft in 2003, marking a 24% rise. The value continued to rise, reaching Rs 1,100 per sq.ft in 2007, which was an increase of 112%. By 2012, the value was Rs 3,500 per sq.ft, showing a substantial increase of 218%. However, it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,850 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 819%. Notably, there are no figures available for the revisions in years other than those listed.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. The guideline value for High View Nagar (Rayala Nagar Annexe) is above this median.

Stamp duty and registration fee for property in High View Nagar (Rayala Nagar Annexe)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers High View Nagar (Rayala Nagar Annexe)?

The Sub Registrar Office that covers High View Nagar (Rayala Nagar Annexe) is 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 critical factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the current valuation of the property.

Frequently asked questions

What is the current guideline value of High View Nagar (Rayala Nagar Annexe)?

The current guideline value of High View Nagar (Rayala Nagar Annexe) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 419 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, which is an overall increase of 819%.

What is the range of guideline values in Ramapuram?

The guideline values in Ramapuram range from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft.

What are the stamp duty and registration fees for properties in High View Nagar?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office covers this area?

The Chennai South Joint II Sub Registrar Office covers High View Nagar (Rayala Nagar Annexe), located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.