Guideline Value

Corporate

Guideline Value for RAMALINGAPURAM 1ST STREET

₹1625/sq.ft.

The guideline value for Ramalingapuram 1st Street in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹197 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹171 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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Ramalingapuram 1st Street guideline value

The current guideline value of Ramalingapuram 1st Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO and is classified as Residential Special Type - I.

How the guideline value of Ramalingapuram 1st Street has changed

The guideline value for Ramalingapuram 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 171 per sq.ft. This increased to Rs 197 per sq.ft in 2003, representing a change of +15%. The value then saw a significant rise to Rs 350 per sq.ft in 2007, an increase of +78%. In 2012, the guideline value adjusted to Rs 1,200 per sq.ft, marking a substantial increase of +243%. However, this value decreased to Rs 804 per sq.ft in 2017, reflecting a decline of -33%. The most recent revisions show an increase to Rs 1,500 per sq.ft in 2023, followed by the current value of Rs 1,625 per sq.ft in 2024, which is an increase of +8%.

There are no figures available for the years between 2002 and 2007, and 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by +850%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which matches the 2024 guideline value for Ramalingapuram 1st Street.

Stamp duty and registration fee for property in Ramalingapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, making the total charges Rs 1,46,250. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Ramalingapuram 1st Street?

The Sub Registrar Office that covers Ramalingapuram 1st Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Paruthipattu. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ramalingapuram 1st Street?

The current guideline value of Ramalingapuram 1st Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 171 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, which is an overall increase of +850% over the years.

What is the median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft, which is the same as the guideline value for Ramalingapuram 1st Street in 2024.

What are the stamp duty and registration fees for a property in Ramalingapuram 1st Street?

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 and the registration fee would be Rs 32,500, totaling Rs 1,46,250.

Which office handles registrations for Ramalingapuram 1st Street?

The Avadi Sub Registrar Office handles registrations for Ramalingapuram 1st Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.