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Guideline Value

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Guideline Value for RAMAKRISHNA NAGAR - C.V.Raman Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - C.v.raman 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 - C.v.raman Street

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RAMAKRISHNA NAGAR - C.V.Raman Street guideline value

The current guideline value for RAMAKRISHNA NAGAR - C.V.Raman 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 - C.V.Raman Street has changed

The guideline value for RAMAKRISHNA NAGAR - C.V.Raman Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 572 per sq.ft. This increased to Rs 622 per sq.ft in 2003, marking a 9% change. In 2007, the value saw a significant rise to Rs 750 per sq.ft, which is a 21% increase from the previous revision. By 2012, the guideline value remained at Rs 4,000 per sq.ft, with no changes noted until the 2023 revision.

In 2023, the guideline value was set at Rs 4,000 per sq.ft, and it increased by 10% to Rs 4,400 per sq.ft in the 2024 revision. 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 that have a guideline value for 2024, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing RAMAKRISHNA NAGAR - C.V.Raman Street above this median.

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - C.V.Raman 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, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - C.V.Raman Street?

The RAMAKRISHNA NAGAR - C.V.Raman Street falls under 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 an important factor when registering a property in Valasaravakkam. It determines the minimum value at which the property can be registered, and it is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the actual sale price must be compared with the guideline value. The higher amount will be used for calculating the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

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

The current guideline value for RAMAKRISHNA NAGAR - C.V.Raman 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 seen significant changes, increasing from Rs 572 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is a total increase of 669% over the years.

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

Several other streets in Valasaravakkam have the same guideline value of Rs 4,400 per sq.ft for 2024, including RAMAKRISHNA NAGAR - C.V.Koil Street, RAMAKRISHNA NAGAR - Chidambaram Street, and RAMAKRISHNA NAGAR - Bharathiyar Street.

What is the registration fee for properties in RAMAKRISHNA NAGAR - C.V.Raman Street?

The registration fee for properties in RAMAKRISHNA NAGAR - C.V.Raman Street is calculated based on the guideline value. For example, a property valued at Rs 44,00,000 would incur a registration fee of Rs 88,000 at a rate of 2%.

Which office handles registrations for RAMAKRISHNA NAGAR - C.V.Raman Street?

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