Guideline Value

Corporate

Guideline Value for RAMALINGA NAGAR(Main Road)

₹2800/sq.ft.

The guideline value for Ramalinga Nagar(main Road) 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 ₹1000 /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)

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(main Road)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

RAMALINGA NAGAR(Main Road) guideline value

The current guideline value of RAMALINGA NAGAR(Main Road) 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(Main Road) has changed

The guideline value for RAMALINGA NAGAR(Main Road) has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 2,800 per sq.ft, which is a 12% increase from the previous year.

It is important to note that the register has no figures for RAMALINGA NAGAR(Main Road) for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 180%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value across these streets is Rs 2,200 per sq.ft, placing RAMALINGA NAGAR(Main Road) above that median.

Stamp duty and registration fee for property in RAMALINGA NAGAR(Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Please 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 further calculations.

Which Sub Registrar Office covers RAMALINGA NAGAR(Main Road)?

The Sub Registrar Office that covers RAMALINGA NAGAR(Main Road) 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

When buying or selling property in Enjambakkam, the guideline value serves as a benchmark for determining the value of the property for registration purposes. This value is crucial for calculating the stamp duty and registration fees that must be paid during the transaction.

The guideline value is set by the government and is updated periodically. It ensures that the registration process is transparent and standardized, helping both buyers and sellers understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of RAMALINGA NAGAR(Main Road)?

The current guideline value of RAMALINGA NAGAR(Main Road) 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 from Rs 1,000 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 180% across the years.

What are the stamp duty and registration fees for property in RAMALINGA NAGAR(Main Road)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,52,000.

Which Sub Registrar Office covers RAMALINGA NAGAR(Main Road)?

The Neelankarai Sub Registrar Office covers RAMALINGA NAGAR(Main Road), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of RAMALINGA NAGAR(Main Road)?

RAMALINGA NAGAR(Main Road) is classified as Residential Class II Type - I, indicating its suitability for residential development.