Guideline Value

Corporate

Guideline Value for RAMANUJAM 1ST CROSS ST

₹1625/sq.ft.

The guideline value for Ramanujam 1st Cross St in Vilingiyambakkam 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 - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Special Type - II
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 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
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)

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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Ramanujam 1st Cross St guideline value

The current guideline value of Ramanujam 1st Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Ramanujam 1st Cross St has changed

The guideline value for Ramanujam 1st Cross St has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 1,500 per sq.ft. In 2017, the value decreased to Rs 1,005 per sq.ft. However, it increased to Rs 1,500 per sq.ft in 2023, followed by a rise to Rs 1,625 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, there were notable changes. From 2012 to 2017, the value decreased by 33%. However, it increased significantly by 49% from 2017 to 2023. The guideline value then rose by 8% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Ramanujam 1st Cross St above that median.

Stamp duty and registration fee for property in Ramanujam 1st Cross St

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 be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total cost for these fees to Rs 1,46,250. 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 detailed calculations.

Which Sub Registrar Office covers Ramanujam 1st Cross St?

The Sub Registrar Office that covers Ramanujam 1st Cross St 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 Vilingiyambakkam

The guideline value is a crucial factor during property transactions in Vilingiyambakkam. It serves as the minimum value for which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. Buyers should be aware of the guideline value to ensure they are complying with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Ramanujam 1st Cross St?

The current guideline value of Ramanujam 1st Cross St 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Ramanujam 1st Cross St?

The land classification for Ramanujam 1st Cross St is Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

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 Ramanujam 1st Cross St?

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