Guideline Value

Corporate

Guideline Value for PETHANIA NAGAR ANNEX

₹2750/sq.ft.

The guideline value for Pethania Nagar Annex in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹492 /sq.ft.
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 Pethania Nagar Annex

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Pethania Nagar Annex guideline value

The current guideline value of Pethania Nagar Annex is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Pethania Nagar Annex has changed

The guideline value for Pethania Nagar Annex has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 492 per sq.ft. This value increased significantly to Rs 1,100 per sq.ft in 2007, marking a rise of 124%. In 2012, the value adjusted to Rs 2,500 per sq.ft, reflecting an increase of 127%. However, it then dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has been revised to Rs 2,750 per sq.ft in 2024, showing a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 459%. Notably, there is no figure available for the year 2002 in the register for this street.

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. The median guideline value for these streets is Rs 3,100 per sq.ft, placing Pethania Nagar Annex's 2024 figure below that median.

Stamp duty and registration fee for property in Pethania Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, together totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pethania Nagar Annex?

The Sub Registrar Office that covers Pethania Nagar Annex 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ramapuram. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers, as it impacts the overall costs associated with property transactions. It ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Pethania Nagar Annex?

The current guideline value of Pethania Nagar Annex is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 492 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 459% across the revisions.

What is the registration office for Pethania Nagar Annex?

The registration office for Pethania Nagar Annex 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.

How is stamp duty calculated for properties in Pethania Nagar Annex?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are charged at 2% of the guideline value.

What are the guideline values of other streets in Ramapuram?

Other streets in Ramapuram have varying guideline values, with rates ranging from Rs 1,950 to Rs 6,600 per sq.ft. For example, Pillaiyar Koil 1st Street, Pillaiyar Koil 2nd Street, and Pillaiyar Koil Street all have a guideline value of Rs 2,750 per sq.ft in 2024.