Guideline Value

Corporate

Guideline Value for RAMALINGA NAGAR 1st STREET

₹2800/sq.ft.

The guideline value for Ramalinga Nagar 1st Street in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹174 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Ramalinga Nagar 1st Street

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RAMALINGA NAGAR 1st STREET guideline value

The current guideline value of RAMALINGA NAGAR 1st STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of RAMALINGA NAGAR 1st STREET has changed

Over the years, the guideline value of RAMALINGA NAGAR 1st STREET has seen significant changes. In 2003, the value was Rs 174 per sq.ft, which increased to Rs 750 per sq.ft in 2007. Following that, the value rose dramatically to Rs 2,500 per sq.ft in 2012, before dropping to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024. The register has no figure for this street in 2002.

The changes between these revisions are noteworthy. From 2003 to 2007, the value increased by 331%. However, from 2012 to 2017, there was a decrease of 33%. The value then saw a substantial increase of 49% from 2017 to 2023, followed by a 12% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1509%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the current value of RAMALINGA NAGAR 1st STREET above the median.

Stamp duty and registration fee for property in RAMALINGA NAGAR 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost for these fees Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers RAMALINGA NAGAR 1st STREET?

The Sub Registrar Office that covers RAMALINGA NAGAR 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Enjambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the fees are calculated based on a standardized value set by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of RAMALINGA NAGAR 1st STREET?

The current guideline value of RAMALINGA NAGAR 1st STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 174 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, with various increases and decreases across different years.

What is the land classification of RAMALINGA NAGAR 1st STREET?

RAMALINGA NAGAR 1st STREET is classified as Residential Class II Type - I.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where can I find the Sub Registrar Office for RAMALINGA NAGAR 1st STREET?

The Neelankarai Sub Registrar Office, which covers RAMALINGA NAGAR 1st STREET, is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.