Guideline Value

Corporate

Guideline Value for ROYALA NAGAR 1ST CROSS STREET

₹4400/sq.ft.

The guideline value for Royala Nagar 1st Cross Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹518 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹419 /sq.ft.
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]
Records for a plot on Royala Nagar 1st Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Royala Nagar 1st Cross Street guideline value

The current guideline value of Royala Nagar 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Royala Nagar 1st Cross Street has changed

The guideline value for Royala Nagar 1st Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 419 per sq.ft, which increased to Rs 518 per sq.ft in 2003, marking a 24% rise. By 2007, the value had significantly increased to Rs 1,100 per sq.ft, reflecting a 112% change. The 2012 revision set the value at Rs 4,000 per sq.ft, representing a substantial 264% increase from the previous figure.

In 2017, the guideline value was revised to Rs 2,680 per sq.ft, which was a decrease of 33% from 2012. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, indicating a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 950%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, making the value of Royala Nagar 1st Cross Street above this median.

Stamp duty and registration fee for property in Royala Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to property transactions.

Which Sub Registrar Office covers Royala Nagar 1st Cross Street?

The Sub Registrar Office covering Royala Nagar 1st Cross Street 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 for more information.

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

The guideline value is a crucial factor in property transactions in Ramapuram, as it determines the minimum value at which a property can be registered. Buyers must consider the guideline value when negotiating the sale price, as the registration fees and stamp duty are calculated based on this value.

When a property is sold, the buyer is required to pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and transparently, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Royala Nagar 1st Cross Street?

The current guideline value of Royala Nagar 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 419 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 950% over this period.

What is the median guideline value for streets in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft, with Royala Nagar 1st Cross Street's value being above this median.

What fees are associated with buying property in Royala Nagar 1st Cross Street?

When buying property, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value, which is based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Royala Nagar 1st Cross Street?

The Sub Registrar Office for Royala Nagar 1st Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.