Guideline Value

Corporate

Guideline Value for M.A. CHIDAMBARAM NAGAR

₹4400/sq.ft.

The guideline value for M.a. Chidambaram Nagar 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 ₹432 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹349 /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 M.a. Chidambaram Nagar

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M.A. Chidambaram Nagar guideline value

The current guideline value of M.A. Chidambaram Nagar 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, classified as Residential Special Type - I.

How the guideline value of M.A. Chidambaram Nagar has changed

The guideline value for M.A. Chidambaram Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 349 per sq.ft. This increased to Rs 432 per sq.ft in 2003, marking a 24% rise. The value continued to rise, reaching Rs 1,100 per sq.ft in 2007, which represented a 155% increase from the previous revision. In 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial 264% increase from 2007. However, this figure dropped by 33% to Rs 2,680 per sq.ft in 2017. The guideline value then increased to Rs 4,000 per sq.ft in 2023, followed by a 10% rise to the current value of Rs 4,400 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1161%. There are no figures available for the revisions in years other than those listed above.

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 guideline value for these streets is Rs 3,100 per sq.ft, placing M.A. Chidambaram Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in M.A. Chidambaram Nagar

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

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers M.A. Chidambaram Nagar?

The M.A. Chidambaram Nagar area falls under 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 plays a crucial role in property transactions in Ramapuram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with legal requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. 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 M.A. Chidambaram Nagar?

The current guideline value of M.A. Chidambaram Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 349 per sq.ft to Rs 4,400 per sq.ft in 2024, representing an overall increase of 1161%.

What are the stamp duty and registration fees for property transactions in M.A. Chidambaram Nagar?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for M.A. Chidambaram Nagar?

The Chennai South Joint II Sub Registrar Office handles registrations for M.A. Chidambaram Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value determined in Ramapuram?

The guideline value in Ramapuram is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in the real estate market.