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Guideline value, street

Guideline Value for Ramakrishna Nagar - C.v.koil Street (Chindamani Vinayagiar Street)

₹4400/sq.ft.effective 1 July 2024

Chennai zone Valasaravakkam village Virugambakkam SRO Residential Class I Type - Ii

The guideline value for Ramakrishna Nagar - C.v.koil Street (chindamani Vinayagiar 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:

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 ₹800 /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)

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 - C.v.koil Street (chindamani Vinayagiar Street)

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RAMAKRISHNA NAGAR - C.V.Koil Street (Chindamani Vinayagiar Street) guideline value

The current guideline value for RAMAKRISHNA NAGAR - C.V.Koil Street (Chindamani Vinayagiar Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of RAMAKRISHNA NAGAR - C.V.Koil Street (Chindamani Vinayagiar Street) has changed

The guideline value for RAMAKRISHNA NAGAR - C.V.Koil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 800 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a change of +400%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, which also did not alter the figure. However, in the 2024 revision, the guideline value increased to Rs 4,400 per sq.ft, reflecting a +10% change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +450%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value range from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, placing RAMAKRISHNA NAGAR - C.V.Koil Street's 2024 figure above this median.

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - C.V.Koil Street (Chindamani Vinayagiar Street)

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - C.V.Koil Street (Chindamani Vinayagiar Street)?

The Sub Registrar Office that covers RAMAKRISHNA NAGAR - C.V.Koil 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 details.

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

The guideline value is a critical factor when registering property transactions in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are prepared for these costs, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for RAMAKRISHNA NAGAR - C.V.Koil Street?

The current guideline value for RAMAKRISHNA NAGAR - C.V.Koil Street (Chindamani Vinayagiar 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 increased significantly from Rs 800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of +450% over this period.

What is the stamp duty for property in RAMAKRISHNA NAGAR - C.V.Koil Street?

The stamp duty for property in RAMAKRISHNA NAGAR - C.V.Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for RAMAKRISHNA NAGAR - C.V.Koil Street located?

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

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft, with RAMAKRISHNA NAGAR - C.V.Koil Street's 2024 figure being above this median.