Guideline Value

Corporate

Guideline Value for RAMAN NAGAR MAIN ROAD

₹950/sq.ft.

The guideline value for Raman Nagar Main Road in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹950 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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]
Records for a plot on Raman Nagar Main Road

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Raman Nagar Main Road guideline value

The current guideline value of Raman Nagar Main Road is Rs 950 per sq.ft, effective from 1 July 2024. This road is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Raman Nagar Main Road has changed

The guideline value for Raman Nagar Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 171 per sq.ft, which increased to Rs 197 per sq.ft in 2003, marking a 15% rise. The value further increased to Rs 350 per sq.ft in 2007, reflecting a significant jump of 78%. In 2012, the value was recorded at Rs 900 per sq.ft, showing an increase of 157% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 603 per sq.ft, representing a decline of 33%. The value then rose to Rs 900 per sq.ft in 2023, before reaching the current guideline value of Rs 950 per sq.ft in 2024, which is a 6% increase. Overall, from 2002 to 2024, the guideline value has increased by 456%.

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, indicating that Raman Nagar Main Road's 2024 figure is below that median.

Stamp duty and registration fee for property in Raman Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. 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 details.

Which Sub Registrar Office covers Raman Nagar Main Road?

The Sub Registrar Office that covers Raman Nagar Main Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When a buyer and seller agree on a sale price, the registration office will assess the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction is compliant with local regulations and reflects the property's value accurately.

Frequently asked questions

What is the current guideline value of Raman Nagar Main Road?

The current guideline value of Raman Nagar Main Road is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 171 in 2002 to Rs 950 in 2024, showing an overall increase of 456% over the years.

What are the other streets in Paruthipattu with their guideline values?

Other streets in Paruthipattu include Ramalingapuram T.K.T.Street, Ramalingapuram Gandhi Street, Ramalingapuram 4th Street, Ramalingapuram 3rd Street, Ramalingapuram 2nd Street, and Ramalingapuram 1st Street, all with a guideline value of Rs 1,625 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Raman Nagar Main Road?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which Sub Registrar Office covers Raman Nagar Main Road?

The Avadi Sub Registrar Office covers Raman Nagar Main Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.