Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for RAMAKRISHNA NAGAR - Bharathiyar Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - Bharathiyar Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹622 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹572 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Ramakrishna Nagar - Bharathiyar 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

RAMAKRISHNA NAGAR - Bharathiyar Street guideline value

The current guideline value of RAMAKRISHNA NAGAR - Bharathiyar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of RAMAKRISHNA NAGAR - Bharathiyar Street has changed

The guideline value for RAMAKRISHNA NAGAR - Bharathiyar Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 572 per sq.ft. It increased to Rs 622 per sq.ft in 2003, marking a 9% rise. The value then rose by 21% to Rs 750 per sq.ft in 2007. Following this, the 2012 revision maintained the value at Rs 4,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 4,000 per sq.ft, but it increased by 10% to Rs 4,400 per sq.ft in the 2024 revision.

It is important to note that the register has no figure for this street in 2017. Overall, from 2002 to 2024, the guideline value has increased by 669%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, placing RAMAKRISHNA NAGAR - Bharathiyar Street's 2024 figure above that median.

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - Bharathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is essential to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Bharathiyar Street?

The Sub Registrar Office that covers RAMAKRISHNA NAGAR - Bharathiyar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation or overvaluation. It serves as a benchmark for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of RAMAKRISHNA NAGAR - Bharathiyar Street?

The current guideline value of RAMAKRISHNA NAGAR - Bharathiyar Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 572 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 669% over the years.

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft, with RAMAKRISHNA NAGAR - Bharathiyar Street's value above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for RAMAKRISHNA NAGAR - Bharathiyar Street?

The Sub Registrar Office for RAMAKRISHNA NAGAR - Bharathiyar Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.