Guideline Value

Corporate

Guideline Value for RAMAMOORTHY AVENUE EXTN.

₹2750/sq.ft.

The guideline value for Ramamoorthy Avenue Extn. in Kolapakkam village (Pammal SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kolapakkam

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ramamoorthy Avenue Extn.

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Ramamoorthy Avenue Extn. guideline value

The current guideline value of Ramamoorthy Avenue Extn. is Rs 2,750 per sq.ft. This street is located in Kolapakkam village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Ramamoorthy Avenue Extn. has changed

The guideline value for Ramamoorthy Avenue Extn. has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,675 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Ramamoorthy Avenue Extn. is above this median, indicating a competitive rate for this area.

Stamp duty and registration fee for property in Ramamoorthy Avenue Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramamoorthy Avenue Extn.?

The Sub Registrar Office that covers Ramamoorthy Avenue Extn. is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kolapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramamoorthy Avenue Extn.?

The current guideline value of Ramamoorthy Avenue Extn. is Rs 2,750 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 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

What are the stamp duty and registration fees for property in Ramamoorthy Avenue Extn.?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations in Kolapakkam?

The Pammal Sub Registrar Office handles property registrations in Kolapakkam. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the property is valued accurately for registration purposes, helping to maintain transparency in the real estate market.