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Guideline Value for RAMAKRISHNA NAGAR - Indra Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - Indra 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 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 - Indra Street

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RAMAKRISHNA NAGAR - Indra Street guideline value

The current guideline value of RAMAKRISHNA NAGAR - Indra 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 - Indra Street has changed

The guideline value for RAMAKRISHNA NAGAR - Indra Street has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of +433%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, when it was raised to Rs 4,400 per sq.ft, reflecting a +10% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by +487%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Valasaravakkam

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, 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.

You can calculate your own fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Indra Street?

The RAMAKRISHNA NAGAR - Indra Street is covered by 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 plays a crucial role in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When selling property, the guideline value can also influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for all parties involved to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of RAMAKRISHNA NAGAR - Indra 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 750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +487% over the years.

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

RAMAKRISHNA NAGAR - Indra Street is classified as Residential Class I Type - II.

Where can I find the registration office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.