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Guideline Value

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Guideline Value for RAMAKRISHNA NAGAR - Kamarajar salai

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - Kamarajar Salai 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 ₹1100 /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 - Kamarajar Salai

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RAMAKRISHNA NAGAR - Kamarajar salai guideline value

The current guideline value for RAMAKRISHNA NAGAR - Kamarajar salai 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 - Kamarajar salai has changed

Over the years, the guideline value for RAMAKRISHNA NAGAR - Kamarajar salai has seen significant changes. The earliest recorded figure is from 2002, which was Rs 572 per sq.ft. This increased to Rs 622 per sq.ft in 2003, marking a rise of 9%. The value then saw a substantial increase to Rs 1,100 per sq.ft in 2007, reflecting a 77% change. By 2012, the value remained at Rs 4,000 per sq.ft, and this figure held steady until 2023, when it again stood at Rs 4,000 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 4,400 per sq.ft, a 10% increase from the previous year.

It's important to note that there is no recorded guideline value for RAMAKRISHNA NAGAR - Kamarajar salai in the 2017 revision. 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 a guideline value range from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, placing RAMAKRISHNA NAGAR - Kamarajar salai above this median value.

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - Kamarajar salai

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, totaling 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Kamarajar salai?

The Sub Registrar Office that covers RAMAKRISHNA NAGAR - Kamarajar salai 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 when buying or selling property in Valasaravakkam. It serves as the minimum value for property transactions and is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is not lower than the guideline value. This helps in avoiding any legal issues and ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for RAMAKRISHNA NAGAR - Kamarajar salai?

The current guideline value for RAMAKRISHNA NAGAR - Kamarajar salai 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 significantly, increasing from Rs 572 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 669%.

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft. RAMAKRISHNA NAGAR - Kamarajar salai's current value is above this median.

Where is the Sub Registrar Office located for this area?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 3,96,000.