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Guideline Value

Corporate

Guideline Value for KOTHARI NAGAR & 1 TO 5TH STREET

₹4400/sq.ft.

The guideline value for Kothari Nagar & 1 To 5th Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /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)

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 Kothari Nagar & 1 To 5th Street

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Kothari Nagar & 1 To 5th Street guideline value

The current guideline value for Kothari Nagar & 1 To 5th Street is Rs 4,400 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 Special Type - I.

How the guideline value of Kothari Nagar & 1 To 5th Street has changed

The guideline value for Kothari Nagar & 1 To 5th Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 264%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, which was a 49% increase from the previous revision. The latest revision in 2024 has further increased the guideline value to Rs 4,400 per sq.ft, reflecting a 10% rise from 2023.

The register has no figure for this street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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 is Rs 3,100 per sq.ft, placing Kothari Nagar & 1 To 5th Street above this median at Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Kothari Nagar & 1 To 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kothari Nagar & 1 To 5th Street?

The Kothari Nagar & 1 To 5th Street 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 when registering property transactions in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to ensure compliance with legal requirements. It is essential to consult the latest figures to accurately assess the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Kothari Nagar & 1 To 5th Street?

The current guideline value of Kothari Nagar & 1 To 5th Street is Rs 4,400 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 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is a total increase of 300% over the years.

What are the stamp duty rates for property in Kothari Nagar?

The stamp duty for property in Kothari Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Kothari Nagar & 1 To 5th Street?

The Chennai South Joint II Sub Registrar Office handles registrations for Kothari Nagar & 1 To 5th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value in Ramapuram?

The median guideline value in Ramapuram is Rs 3,100 per sq.ft, with Kothari Nagar & 1 To 5th Street's value being above this median at Rs 4,400 per sq.ft.