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Guideline Value

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Guideline Value for RAMAKRISHNA NAGAR - Patel Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - Patel 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 - Patel Street

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RAMAKRISHNA NAGAR - Patel Street guideline value

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

The guideline value for RAMAKRISHNA NAGAR - Patel Street has seen several revisions over the years. Starting from Rs 572 per sq.ft in 2002, it increased to Rs 622 per sq.ft in 2003, marking a change of +9%. In 2007, the value rose significantly to Rs 750 per sq.ft, a change of +21%. The 2012 revision maintained the value at Rs 4,000 per sq.ft, which was a substantial increase of +433% from the previous figure. The 2023 revision also held the value steady at Rs 4,000 per sq.ft, and the latest revision in 2024 saw an increase to Rs 4,400 per sq.ft, reflecting a change of +10%.

It is important to note that there is no figure available for RAMAKRISHNA NAGAR - Patel Street for the year 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, with guideline values 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 - Patel Street's 2024 figure above this median.

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - Patel 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, 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 use the stamp duty and registration fee calculator for more details on these charges.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Patel Street?

The RAMAKRISHNA NAGAR - Patel Street falls under the jurisdiction of 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 in property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as set by the Registration Department. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

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

The current guideline value of RAMAKRISHNA NAGAR - Patel 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 increased 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 are the other streets in Valasaravakkam with similar guideline values?

Other streets in Valasaravakkam with similar guideline values include RAMAKRISHNA NAGAR - Park Street, RAMAKRISHNA NAGAR - Play Ground Street, RAMAKRISHNA NAGAR - Rajaji Street, RAMAKRISHNA NAGAR - Ramanujam Street, and RAMAKRISHNA NAGAR - Kambar Street, all valued at Rs 4,400 per sq.ft in 2024.

What is the stamp duty for a property in RAMAKRISHNA NAGAR - Patel Street?

The stamp duty for a property in RAMAKRISHNA NAGAR - Patel Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 3,08,000.

Where can I find the Sub Registrar Office for RAMAKRISHNA NAGAR - Patel Street?

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