Guideline Value

Corporate

Guideline Value for ROYALA NAGAR 1ST MAIN ROAD

₹4400/sq.ft.

The guideline value for Royala Nagar 1st Main Road 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 Main Road

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Royala Nagar 1st Main Road guideline value

The current guideline value of Royala Nagar 1st Main Road 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 Main Road has changed

Over the years, the guideline value for Royala Nagar 1st Main Road has seen significant changes. The earliest recorded figure is from 2002, where the value was Rs 419 per sq.ft. This value increased to Rs 518 per sq.ft in 2003, marking a 24% rise. In 2007, the guideline value jumped to Rs 1,100 per sq.ft, reflecting a substantial increase of 112%. The value then rose dramatically to Rs 4,000 per sq.ft in 2012, which was a 264% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The value then surged to Rs 4,000 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 4,400 per sq.ft in 2024.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2002 to 2024, the guideline value has increased by 950%. There are no figures available for revisions for this street in any other years.

Guideline values in Ramapuram

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

Stamp duty and registration fee for property in Royala Nagar 1st Main Road

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

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

Which Sub Registrar Office covers Royala Nagar 1st Main Road?

The Sub Registrar Office that covers Royala Nagar 1st Main 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 for more details.

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

The guideline value is a critical factor during the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess the higher value between the guideline value and the sale price to calculate the applicable duties. This ensures that the correct amount is collected based on the prevailing market standards.

Frequently asked questions

What is the current guideline value of Royala Nagar 1st Main Road?

The current guideline value of Royala Nagar 1st Main Road 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 changed 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 land classification for Royala Nagar 1st Main Road?

Royala Nagar 1st Main Road is classified as Residential Special Type - I.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office located for Royala Nagar 1st Main Road?

The Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.