Guideline Value

Corporate

Guideline Value for RAM NAGAR SOUTH EXTN.

₹2750/sq.ft.

The guideline value for Ram Nagar South Extn. in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
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 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹125 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹208 /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
044-29510536
[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 Ram Nagar South Extn.

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Ram Nagar South Extn. guideline value

The current guideline value of Ram Nagar South Extn. is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Ram Nagar South Extn. has changed

The guideline value for Ram Nagar South Extn. has seen several revisions over the years. In 2002, the guideline value was Rs 208 per sq.ft, which increased to Rs 125 per sq.ft in 2003, marking a decrease of 40%. The value then surged significantly to Rs 900 per sq.ft in 2007, reflecting an increase of 620%. Following this, the guideline value rose to Rs 2,500 per sq.ft in 2012, an increase of 178%. However, it dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 2,750 per sq.ft, an increase of 64% from 2017.

It is important to note that there is no figure available for the year 2023 for this street in the register. Overall, from 2002 to 2024, the guideline value has increased by 1222%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, and Ram Nagar South Extn.'s 2024 figure is above this median.

Stamp duty and registration fee for property in Ram Nagar South Extn.

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

Which Sub Registrar Office covers Ram Nagar South Extn.?

The Sub Registrar Office that covers Ram Nagar South Extn. is the Chennai South Joint I 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 Pallikaranai

The guideline value is a critical factor in the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the registration process is transparent and standardized.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ram Nagar South Extn.?

The current guideline value of Ram Nagar South Extn. 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 significantly from Rs 208 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1222% over this period.

What was the guideline value in 2017?

In 2017, the guideline value for Ram Nagar South Extn. was Rs 1,675 per sq.ft.

What is the stamp duty rate in Ram Nagar South Extn.?

The stamp duty rate in Ram Nagar South Extn. is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Ram Nagar South Extn.?

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