Guideline Value

Corporate

Guideline Value for RAMANA NAGAR

₹250/sq.ft.

The guideline value for Ramana Nagar in P.v.kalathur A village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

P.v.kalathur A

Village

Chengleput Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ramana Nagar

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Ramana Nagar guideline value

The current guideline value of Ramana Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in P.V.Kalathur A village, under the Chengleput Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Ramana Nagar has changed

The guideline value for Ramana Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 167 per sq.ft. This figure remained unchanged at Rs 250 per sq.ft in the 2023 revision and continues to be Rs 250 per sq.ft in the 2024 revision, reflecting a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

There are no figures available in the register for the revisions of 2002, 2003, 2007, and 2012 for this street.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 450 per sq.ft, with a median value of Rs 402 per sq.ft. The guideline value for Ramana Nagar is below this median.

Stamp duty and registration fee for property in Ramana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramana Nagar?

The Sub Registrar Office that covers Ramana Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 P.V.Kalathur A

The guideline value is an important factor when registering property transactions in P.V.Kalathur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is crucial for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations regarding the sale price.

Frequently asked questions

What is the current guideline value of Ramana Nagar?

The current guideline value of Ramana Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, reflecting a 50% increase over this period.

What is the land classification for Ramana Nagar?

Ramana Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint I Sub Registrar Office?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ramana Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.