Guideline Value for RAMAKRISHNA NAGAR - Tagore Street

RAMAKRISHNA NAGAR - Tagore Street guideline value

The current guideline value of RAMAKRISHNA NAGAR - Tagore Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value of RAMAKRISHNA NAGAR - Tagore Street has undergone several revisions since 2002. The earliest recorded revision in 2002 set the value at Rs 572 per sq.ft, which increased to Rs 622 per sq.ft in 2003, marking a 9% rise. By 2007, the value saw a significant jump to Rs 750 per sq.ft, a change of 21%. In 2012, the guideline value increased dramatically to Rs 4,000 per sq.ft, reflecting a 433% increase from the previous revision. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, which is a 10% increase from 2012.

It is important to note that there are no figures available for the years 2017 and 2023 for RAMAKRISHNA NAGAR - Tagore Street. Overall, from 2002 to 2024, the guideline value has risen 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, making the 2024 figure for RAMAKRISHNA NAGAR - Tagore Street above this median.

• RAMAKRISHNA NAGAR - Thiruvalluvar Street: Rs 4,400 per sq.ft (2024)
• RAMAKRISHNA NAGAR - Ramanujam Street: Rs 4,400 per sq.ft (2024)
• RAMAKRISHNA NAGAR - Vanchinathan Street: Rs 4,400 per sq.ft (2024)
• RAMAKRISHNA NAGAR - Rajaji Street: Rs 4,400 per sq.ft (2024)
• RAMAKRISHNA NAGAR - V.V.Giri Street: Rs 4,400 per sq.ft (2024)
• RAMAKRISHNA NAGAR - Radhakrishnan Salai: Rs 5,550 per sq.ft (2024)

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - Tagore 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, charged at 7%, would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. The total cost for stamp duty and registration fees combined would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Tagore Street?

The RAMAKRISHNA NAGAR - Tagore Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the property registration process in Valasaravakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

It is crucial for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost involved in property transactions. This ensures transparency and helps in avoiding disputes during the registration process.

Frequently asked questions

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

The current guideline value for RAMAKRISHNA NAGAR - Tagore Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2002?

Since 2002, the guideline value has increased significantly from Rs 572 per sq.ft to Rs 4,400 per sq.ft in 2024, which is an overall increase of 669%.

What were the guideline values in the previous revisions?

The previous revisions were as follows: Rs 572 per sq.ft in 2002, Rs 622 per sq.ft in 2003, Rs 750 per sq.ft in 2007, and Rs 4,000 per sq.ft in 2012.

Is there any guideline value for RAMAKRISHNA NAGAR - Tagore Street in 2017 or 2023?

No, the register does not have any figures for RAMAKRISHNA NAGAR - Tagore Street for the years 2017 and 2023.

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

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