Guideline Value

Corporate

Guideline Value for RAMASAMY NAGAR 4TH STREET

₹1660/sq.ft.

The guideline value for Ramasamy Nagar 4th 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 4th Street

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Ramasamy Nagar 4th Street guideline value

The current guideline value of Ramasamy Nagar 4th 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 4th Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure was revised to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 1,500 per sq.ft, followed by another increase to Rs 1,660 per sq.ft in 2024, reflecting an 11% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,660 per sq.ft, which is equal to the 2024 figure for Ramasamy Nagar 4th Street.

Stamp duty and registration fee for property in Ramasamy Nagar 4th 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, resulting in a total of Rs 1,49,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramasamy Nagar 4th Street?

The Sub Registrar Office that covers Ramasamy Nagar 4th 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 details.

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

The guideline value is a critical factor in property transactions in Vanagaram. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in the area. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential to check the latest revisions to understand the current rates and ensure that all financial obligations are met during the transaction process.

Frequently asked questions

What is the current guideline value of Ramasamy Nagar 4th Street?

The current guideline value of Ramasamy Nagar 4th 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 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 4th Street?

The land classification for Ramasamy Nagar 4th Street is Residential Class III Type - I.

Which office handles registrations for Ramasamy Nagar 4th Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Ramasamy Nagar 4th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Ramasamy Nagar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,660 per sq.ft, the total guideline value would be Rs 16,60,000, leading to a stamp duty of Rs 1,16,200.