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Guideline Value

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Guideline Value for RAMAKRISHNA STREET (OTHER THAN D.NO.1 KENCES TOWERS RESIDENCIAL COMPLEX

₹27500/sq.ft.

The guideline value for Ramakrishna Street (other Than D.no.1 Kences Towers Residencial Complex in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 27500 per sq.ft, effective 1 July 2024. It was Rs 25000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹27500 /sq.ft.
From 1-4-2023 ₹25000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹16750 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹25000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹6155 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 Street (other Than D.no.1 Kences Towers Residencial Complex

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Ramakrishna Street (Other Than D.No.1 Kences Towers Residencial Complex guideline value

The current guideline value for Ramakrishna Street (Other Than D.No.1 Kences Towers Residencial Complex) is Rs 27,500 per sq.ft, effective from 1 July 2024. This street is located in the Tnagar village under the Thiyagaraya nagar SRO, and it falls under the land classification of Commercial Special Type - I.

How the guideline value of Ramakrishna Street (Other Than D.No.1 Kences Towers Residencial Complex has changed

The guideline value for Ramakrishna Street has seen significant changes over the years. In 2007, the guideline value was Rs 6,155 per sq.ft, which increased dramatically to Rs 25,000 per sq.ft in 2012, marking a rise of 306%. However, between 2012 and 2017, the value dropped to Rs 16,750 per sq.ft, a decrease of 33%. The value then rose to Rs 25,000 per sq.ft in 2023, reflecting an increase of 49% from the previous revision.

Most recently, the guideline value was revised to Rs 27,500 per sq.ft in 2024, representing a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 347%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Ramakrishna Street's 2024 figure above that median.

Stamp duty and registration fee for property in Ramakrishna Street (Other Than D.No.1 Kences Towers Residencial Complex

For a 1,000 sq.ft plot at the current guideline value of Rs 27,500 per sq.ft, the total guideline value amounts to Rs 2,75,00,000. The stamp duty at 7% would be Rs 19,25,000, and the registration fee at 2% would be Rs 5,50,000, bringing the total cost to Rs 24,75,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramakrishna Street (Other Than D.No.1 Kences Towers Residencial Complex?

The Sub Registrar Office that covers Ramakrishna Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Ramakrishna Street?

The current guideline value of Ramakrishna Street (Other Than D.No.1 Kences Towers Residencial Complex) is Rs 27,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, increasing from Rs 6,155 per sq.ft in 2007 to Rs 27,500 per sq.ft in 2024, which is an overall increase of 347%.

What is the land classification of Ramakrishna Street?

Ramakrishna Street is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

What is the stamp duty for property in Ramakrishna Street?

The stamp duty for property in Ramakrishna Street is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 2,75,00,000, the stamp duty would be Rs 19,25,000.

Which office handles registrations for properties in Ramakrishna Street?

The Thiyagaraya nagar Sub Registrar Office handles registrations for properties in Ramakrishna Street, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.