Guideline Value

Corporate

Guideline Value for RAMANATHAPURAM

₹330/sq.ft.

The guideline value for Ramanathapuram in Athipattu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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:

Chennai

Zone

Athipattu

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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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Ramanathapuram guideline value

The current guideline value of Ramanathapuram, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Ramanathapuram has changed

Over the years, the guideline value of Ramanathapuram has seen several revisions. The earliest recorded figure in the register is from 2017, which set the value at Rs 201 per sq.ft. This was followed by a significant increase to Rs 300 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 330 per sq.ft, reflecting a 10% increase from the previous year. The overall change from 2017 to 2024 amounts to an increase of 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the guideline value register. This absence of data means that the first recorded value for Ramanathapuram is from 2017.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is the same as the current value for Ramanathapuram. This indicates that Ramanathapuram's guideline value is aligned with the median for the area.

Stamp duty and registration fee for property in Ramanathapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is charged at 7%, which totals Rs 23,100, and the registration fee is charged at 2%, amounting to Rs 6,600. Together, the total cost for these fees is Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramanathapuram?

The Ramanathapuram area falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office. The office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the property registration process in Athipattu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Proper understanding of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ramanathapuram?

The current guideline value of Ramanathapuram is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and further to Rs 330 per sq.ft in 2024. The overall increase from 2017 to 2024 is 64%.

What are the other streets in Athipattu with the same guideline value?

Several other streets in Athipattu also have a guideline value of Rs 330 per sq.ft in 2024. These include Ramalingam Street, R.L.Y. Stn Street/Road, Rukumani Nagar, Rajaji Nagar, Sadaiyamman Koil Street/Nagar, and Sai Baba Nagar.

What is the stamp duty rate for property transactions in Ramanathapuram?

The stamp duty rate for property transactions in Ramanathapuram is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ramanathapuram?

The Sub Registrar Office covering Ramanathapuram is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.