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Guideline Value

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Guideline Value for RAMAKRISHNA NAGAR - Thiruvalluvar Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar - Thiruvalluvar Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 - Thiruvalluvar Street

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RAMAKRISHNA NAGAR - Thiruvalluvar Street guideline value

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

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

The guideline value for RAMAKRISHNA NAGAR - Thiruvalluvar 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 9% increase. In 2007, the value rose significantly to Rs 750 per sq.ft, which was a 21% increase from the previous revision. The 2012 revision saw another substantial jump to Rs 4,000 per sq.ft, reflecting a 433% increase from 2007.

The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 669%. The register has no figures for the years 2017 and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, 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, positioning RAMAKRISHNA NAGAR - Thiruvalluvar Street above this median.

Stamp duty and registration fee for property in RAMAKRISHNA NAGAR - Thiruvalluvar 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, leading to a total of 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAMAKRISHNA NAGAR - Thiruvalluvar Street?

The RAMAKRISHNA NAGAR - Thiruvalluvar Street is covered by 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 during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you proceed with a sale or purchase, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

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

The current guideline value for RAMAKRISHNA NAGAR - Thiruvalluvar 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 stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for this street?

The Virugambakkam Sub Registrar Office is responsible for handling registrations for RAMAKRISHNA NAGAR - Thiruvalluvar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that transactions are recorded at official rates set by the government, promoting transparency in property dealings.