Guideline Value

Corporate

Guideline Value for RAMACHANDRA NAGAR 2ND STREET

₹2750/sq.ft.

The guideline value for Ramachandra Nagar 2nd Street in Iyyappanthangal village (Chennai South Joint I 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Iyyappanthangal

Village

Chennai South Joint I

SRO

Residential Class I Type - I
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 ₹750 /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)

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 Ramachandra Nagar 2nd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ramachandra Nagar 2nd Street guideline value

The current guideline value of Ramachandra Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ramachandra Nagar 2nd Street has changed

Over the years, the guideline value for Ramachandra Nagar 2nd Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 750 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017 before rising to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

From 2007 to 2024, the overall increase in the guideline value is 267%. The changes between the revisions are as follows: the value increased by 233% from 2007 to 2012, decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ramachandra Nagar 2nd Street above this median.

Stamp duty and registration fee for property in Ramachandra Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees 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 Ramachandra Nagar 2nd Street?

The Sub Registrar Office that covers Ramachandra Nagar 2nd Street 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 Iyyappanthangal

The guideline value plays a crucial role in property transactions in Iyyappanthangal. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property sales. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Additionally, the guideline value is essential for calculating the stamp duty and registration fees associated with property transactions. This ensures that all parties involved comply with legal requirements and that the transaction is processed smoothly at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Ramachandra Nagar 2nd Street?

The current guideline value of Ramachandra Nagar 2nd Street 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 increased from Rs 750 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 267% over the years.

What is the stamp duty rate for properties in Ramachandra Nagar 2nd Street?

The stamp duty rate for properties in Ramachandra Nagar 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ramachandra Nagar 2nd Street?

The Sub Registrar Office for Ramachandra Nagar 2nd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the other streets in Iyyappanthangal with the same guideline value?

Other streets in Iyyappanthangal with the same guideline value of Rs 2,750 per sq.ft include Ramachandra Nagar 2nd Street 1st Cross Street, Ramachandra Nagar 2nd Street 2nd Cross Street, Ramachandra Nagar 3rd Street, Ramachandra Nagar 4th Street, Ramachandra Nagar Cross Street, and Ramachandra Nagar Ist Street.