Guideline Value

Corporate

Guideline Value for RAMACHANDRA NAGAR 4TH STREET

₹2750/sq.ft.

The guideline value for Ramachandra Nagar 4th 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 4th Street

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Ramachandra Nagar 4th Street guideline value

The current guideline value of Ramachandra Nagar 4th 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, classified as Residential Class I Type - I.

How the guideline value of Ramachandra Nagar 4th Street has changed

The guideline value for Ramachandra Nagar 4th Street has undergone several revisions over the years. The 2007 revision set the value at Rs 750 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure decreased to Rs 1,675 per sq.ft in 2017. Following that, the value rose to Rs 2,500 per sq.ft in 2023, and now stands at Rs 2,750 per sq.ft in the 2024 revision.

When analyzing the changes, we see that the increase from 2023 to 2024 is +10%. The jump from 2017 to 2023 was +49%, while the decrease from 2012 to 2017 was -33%. The increase from 2007 to 2012 was substantial at +233%. Overall, from 2007 to 2024, the guideline value has increased by +267%.

Guideline values in Iyyappanthangal

Iyyappanthangal has a total of 134 streets under the Chennai South Joint I SRO with a 2024 guideline value 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, making the 2024 figure for Ramachandra Nagar 4th Street above the median.

Stamp duty and registration fee for property in Ramachandra Nagar 4th 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, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramachandra Nagar 4th Street?

The Sub Registrar Office that covers Ramachandra Nagar 4th 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 stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value ensures that the transaction is recorded at a fair value as per the government’s assessment. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ramachandra Nagar 4th Street?

The current guideline value of Ramachandra Nagar 4th 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 changed from Rs 750 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +267% over the years.

What is the median guideline value in Iyyappanthangal?

The median guideline value for the 134 streets in Iyyappanthangal is Rs 2,200 per sq.ft, making the Ramachandra Nagar 4th Street value above this median.

What are the stamp duty and registration fees for property in Ramachandra Nagar 4th Street?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Ramachandra Nagar 4th Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Ramachandra Nagar 4th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.