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Guideline Value

Corporate

Guideline Value for Muthu Kumaran Street (Ram Nagar)

₹2400/sq.ft.

The guideline value for Muthu Kumaran Street (ram Nagar) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Muthu Kumaran Street (ram Nagar)

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Muthu Kumaran Street (Ram Nagar) guideline value

The current guideline value of Muthu Kumaran Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Muthu Kumaran Street (Ram Nagar) has changed

The guideline value for Muthu Kumaran Street (Ram Nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in the 2012 revision. However, it dropped to Rs 1,474 per sq.ft in 2017. The 2023 revision marked another increase to Rs 2,200 per sq.ft, followed by the latest 2024 revision, which set the value at Rs 2,400 per sq.ft.

Between the revisions, there were notable changes: from 2007 to 2012, the value increased by 267%, but it decreased by 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 regarding this street.

Guideline values in Oragadam

In Oragadam, a total of 596 streets under the Ambattur SRO have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Muthu Kumaran Street (Ram Nagar) is above this median value.

Stamp duty and registration fee for property in Muthu Kumaran Street (Ram Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthu Kumaran Street (Ram Nagar)?

The Sub Registrar Office that covers Muthu Kumaran Street (Ram Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Muthu Kumaran Street (Ram Nagar)?

The current guideline value of Muthu Kumaran Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, showing an overall increase of 300% over the years.

What is the land classification for Muthu Kumaran Street (Ram Nagar)?

The land classification for Muthu Kumaran Street (Ram Nagar) is Residential Special Type - I.

Where can I find the Sub Registrar Office for Muthu Kumaran Street (Ram Nagar)?

The Sub Registrar Office for Muthu Kumaran Street (Ram Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property in Muthu Kumaran Street (Ram Nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,68,000 at 7%.