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Guideline Value

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Guideline Value for RAMAKRISHNA NAGAR - Ramanujam Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - Ramanujam 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 ₹560 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹515 /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 - Ramanujam Street

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RAMAKRISHNA NAGAR - Ramanujam Street guideline value

The current guideline value for RAMAKRISHNA NAGAR - Ramanujam Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class I Type - II.

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

The guideline value for RAMAKRISHNA NAGAR - Ramanujam Street has seen several revisions over the years. The earliest recorded figure was Rs 515 per sq.ft in 2002, which increased to Rs 560 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 750 per sq.ft, reflecting a 34% increase from the previous revision. The most significant jump occurred between 2007 and 2012, where it rose to Rs 4,000 per sq.ft, a remarkable 433% increase. This figure remained unchanged until the 2023 revision, which also recorded Rs 4,000 per sq.ft. The latest revision in 2024 saw the guideline value increase to Rs 4,400 per sq.ft, a 10% rise from 2023.

It is important to note that there is no figure available for the year 2017 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 754%.

Guideline values in Valasaravakkam

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

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - Ramanujam 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, bringing the total cost for these fees to Rs 3,96,000. 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 specific calculations.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Ramanujam Street?

The Sub Registrar Office that covers RAMAKRISHNA NAGAR - Ramanujam 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 is a critical factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for RAMAKRISHNA NAGAR - Ramanujam 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 515 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 754% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers RAMAKRISHNA NAGAR - Ramanujam Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What other streets have similar guideline values in Valasaravakkam?

Other streets in Valasaravakkam, such as RAMAKRISHNA NAGAR - Rajaji Street, RAMAKRISHNA NAGAR - Tagore Street, and RAMAKRISHNA NAGAR - Play Ground Street, also have a guideline value of Rs 4,400 per sq.ft in 2024.