Guideline Value

Corporate

Guideline Value for RAMAKIRSHNA NAGAR

₹250/sq.ft.

The guideline value for Ramakirshna Nagar in Sasithrampakkam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sasithrampakkam

Village

Chengleput Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ramakirshna Nagar

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Ramakirshna Nagar guideline value

The current guideline value of Ramakirshna Nagar is Rs 250 per sq.ft, effective from the 2024 revision. This area is located in Sasithrampakkam village under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Ramakirshna Nagar has changed

The guideline value for Ramakirshna Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged in the 2017 revision, where it was adjusted to Rs 167 per sq.ft, marking a decrease of 33%. However, the value rebounded to Rs 250 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, showing no percentage change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 50%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 250 per sq.ft.

Guideline values in Sasithrampakkam

In Sasithrampakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,000 per sq.ft. The median value of these streets is Rs 250 per sq.ft, placing Ramakirshna Nagar at the same level as the median.

Stamp duty and registration fee for property in Ramakirshna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 Ramakirshna Nagar?

The Sub Registrar Office that covers Ramakirshna Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Sasithrampakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately.

The guideline value is essential for both buyers and sellers, as it helps in assessing the official value of the property being transacted. This value is used to calculate the necessary fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Ramakirshna Nagar?

The current guideline value of Ramakirshna Nagar is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft. The value was previously Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What are the stamp duty and registration fees for property in Ramakirshna Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Ramakirshna Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Ramakirshna Nagar. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the official value of a property for registration purposes. It is used to calculate the stamp duty and registration fees, ensuring that all transactions are recorded accurately and fairly.