Guideline Value

Corporate

Guideline Value for RAMASAMY NAGAR 2ND STREET

₹1660/sq.ft.

The guideline value for Ramasamy Nagar 2nd Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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]
Records for a plot on Ramasamy Nagar 2nd Street

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Ramasamy Nagar 2nd Street guideline value

The current guideline value of Ramasamy Nagar 2nd Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ramasamy Nagar 2nd Street has changed

Over the years, the guideline value of Ramasamy Nagar 2nd Street has undergone several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,660 per sq.ft in the 2024 revision, marking an overall increase of 11% from 2012 to 2024.

From 2023 to 2024, the guideline value saw an increase of 11%. The 2017 revision to the 2023 revision reflected a substantial increase of 49%. However, the 2012 to 2017 revision indicated a decrease of 33%. It is important to note that there are no figures available for this street in the revisions of 2002, 2003, and 2007.

Guideline values in Vanagaram

In Vanagaram, there are a total of 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,660 per sq.ft, which is equal to the current guideline value of Ramasamy Nagar 2nd Street.

Stamp duty and registration fee for property in Ramasamy Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value would be Rs 16,60,000. The stamp duty at 7% would amount to Rs 1,16,200, and the registration fee at 2% would be Rs 33,200. Therefore, the total cost together would be Rs 1,49,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramasamy Nagar 2nd Street?

The Sub Registrar Office that covers Ramasamy Nagar 2nd Street is the Chennai South Joint I 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 for more information.

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

The guideline value is a critical factor when buying or selling property in Vanagaram, as it determines the minimum value at which a property can be registered. This value is set by the government and is used to calculate the stamp duty and registration fees applicable during the property transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with registration norms. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramasamy Nagar 2nd Street?

The current guideline value of Ramasamy Nagar 2nd Street is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What is the land classification for Ramasamy Nagar 2nd Street?

The land classification for Ramasamy Nagar 2nd Street is Residential Class III Type - I.

What are the stamp duty rates for properties in Ramasamy Nagar 2nd Street?

The stamp duty rate for properties in Ramasamy Nagar 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Ramasamy Nagar 2nd Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Ramasamy Nagar 2nd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.