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Guideline Value

Corporate

Guideline Value for RAMAKRISHNA NAGAR - Chidambaram Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - Chidambaram 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 - Chidambaram Street

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RAMAKRISHNA NAGAR - Chidambaram Street guideline value

The current guideline value for RAMAKRISHNA NAGAR - Chidambaram 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 - Chidambaram Street has changed

The guideline value for RAMAKRISHNA NAGAR - Chidambaram Street has seen several revisions over the years. Starting from Rs 572 per sq.ft in 2002, the value increased to Rs 622 per sq.ft in 2003, marking a 9% rise. In 2007, the value jumped significantly to Rs 750 per sq.ft, representing a 21% increase. The next revision in 2012 saw the value hold steady at Rs 4,000 per sq.ft, which remained unchanged until 2023.

The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the 2023 figure of Rs 4,000 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 669%.

Guideline values in Valasaravakkam

In Valasaravakkam, the guideline values for different streets vary, with figures ranging from Rs 2,750 to Rs 8,800 per sq.ft as of 2024. The median guideline value in this area is Rs 3,850 per sq.ft, placing RAMAKRISHNA NAGAR - Chidambaram Street above this median.

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - Chidambaram 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, leading to 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, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Chidambaram Street?

The Sub Registrar Office that covers RAMAKRISHNA NAGAR - Chidambaram 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 an essential factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected by the registration authorities. This value is crucial for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for RAMAKRISHNA NAGAR - Chidambaram Street?

The current guideline value for RAMAKRISHNA NAGAR - Chidambaram 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, reflecting an overall increase of 669% over the years.

What is the land classification for RAMAKRISHNA NAGAR - Chidambaram Street?

The land classification for RAMAKRISHNA NAGAR - Chidambaram Street is Residential Class I Type - II.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be calculated accordingly.