Guideline Value

Corporate

Guideline Value for RAMA KRISHNA NAGAR

₹2200/sq.ft.

The guideline value for Rama Krishna Nagar in Kolathuvancheri village (Chennai South Joint I SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathuvancheri

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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
044-29510536
[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 Rama Krishna Nagar

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Rama Krishna Nagar guideline value

The current guideline value of Rama Krishna Nagar, located in Kolathuvancheri village under the Chennai South Joint I SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Rama Krishna Nagar has changed

Over the years, the guideline value of Rama Krishna Nagar has experienced several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Additionally, the overall change from 2012 to 2024 shows a 10% increase in the guideline value.

From 2017 to 2023, there was a notable increase of 49%, while the revision from 2012 to 2017 saw a decrease of 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing the 2024 figure for Rama Krishna Nagar above this median.

Stamp duty and registration fee for property in Rama Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, calculated at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rama Krishna Nagar?

The Sub Registrar Office that covers Rama Krishna Nagar 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 Kolathuvancheri

The guideline value is a crucial factor in property transactions in Kolathuvancheri, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the negotiated sale price.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Rama Krishna Nagar?

The current guideline value of Rama Krishna Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Kolathuvancheri and their guideline values?

Other streets in Kolathuvancheri include Ramaiah Nagar at Rs 990 per sq.ft, Rajaganpathy Nagar Phase I and Raja Ganapathy Nagar Phase II at Rs 1,320 per sq.ft, Poonmuthu Nagar at Rs 1,260 per sq.ft, and Pooniamman Nagar at Rs 990 per sq.ft.

What is the registration fee for property in Rama Krishna Nagar?

The registration fee for property in Rama Krishna Nagar is calculated based on the guideline value. For example, for a property valued at Rs 22,00,000, the registration fee would be Rs 44,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Rama Krishna Nagar?

The Sub Registrar Office for Rama Krishna Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information by visiting the appropriate link.