Guideline Value

Corporate

Guideline Value for RAMARAJAR ROAD

₹660/sq.ft.

The guideline value for Ramarajar Road in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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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Ramarajar Road guideline value

The current guideline value of Ramarajar Road in Koladi village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - III.

How the guideline value of Ramarajar Road has changed

The guideline value for Ramarajar Road has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, from 2012 to 2017, there was a significant decrease of 33%, bringing the value down to Rs 402 per sq.ft. The value then rose sharply by 49% to Rs 600 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 660 per sq.ft in 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Ramarajar Road. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Ramarajar Road's current guideline value is below this median.

Stamp duty and registration fee for property in Ramarajar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramarajar Road?

The Sub Registrar Office that covers Ramarajar Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO online for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koladi. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is registered at a fair value according to the local market standards.

When a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ramarajar Road?

The current guideline value of Ramarajar Road is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 120% over this period.

What is the land classification for Ramarajar Road?

Ramarajar Road is classified as Residential Class II Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Ramarajar Road?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations for Ramarajar Road?

The Chennai South Joint II Sub Registrar Office handles property registrations for Ramarajar Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.