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Guideline Value

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Guideline Value for RAMAKRISHNA NAGAR - Kambar Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - Kambar 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 - Kambar Street

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RAMAKRISHNA NAGAR - Kambar Street guideline value

The current guideline value for RAMAKRISHNA NAGAR - Kambar 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 it falls under the Residential Class I Type - II land classification.

How the guideline value of RAMAKRISHNA NAGAR - Kambar Street has changed

The guideline value for RAMAKRISHNA NAGAR - Kambar Street has seen significant changes over the years. In 2002, the guideline value was Rs 572 per sq.ft, which increased to Rs 622 per sq.ft in 2003, marking a 9% rise. The value continued to rise to Rs 750 per sq.ft in 2007, reflecting a 21% increase. By 2012, the value remained at Rs 4,000 per sq.ft, with no change from the previous revision. In 2023, the value was again Rs 4,000 per sq.ft, and it increased to Rs 4,400 per sq.ft in the 2024 revision, showing a 10% rise.

Notably, there is no figure available for this street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 669%, demonstrating a significant upward trajectory over the years.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 3,850 per sq.ft, placing RAMAKRISHNA NAGAR - Kambar Street above this median.

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - Kambar 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, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Kambar Street?

The Sub Registrar Office covering RAMAKRISHNA NAGAR - Kambar 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a reference point for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When purchasing property, the guideline value helps in assessing the fair value of the property for tax purposes. It is essential for buyers to consider this value as it affects the overall cost of the transaction, including additional fees.

Frequently asked questions

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

The current guideline value of RAMAKRISHNA NAGAR - Kambar 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 significantly from Rs 572 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 669% over the years.

What is the role of the Virugambakkam SRO?

The Virugambakkam SRO is responsible for maintaining the guideline values and facilitating the registration of property transactions in the area, including RAMAKRISHNA NAGAR - Kambar Street.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. The fees are based on the higher of the guideline value or the sale price.

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

Other streets in Valasaravakkam with the same guideline value of Rs 4,400 per sq.ft include RAMAKRISHNA NAGAR - Kamarajar salai, RAMAKRISHNA NAGAR - Indra Street, RAMAKRISHNA NAGAR - Indra Gandi Road, RAMAKRISHNA NAGAR - Park Street, RAMAKRISHNA NAGAR - Patel Street, and RAMAKRISHNA NAGAR - Play Ground Street.