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Guideline Value

Corporate

Guideline Value for ROYALA NAGAR 3RD MAIN ROAD

₹4400/sq.ft.

The guideline value for Royala Nagar 3rd 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 3rd Main Road

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Royala Nagar 3rd Main Road guideline value

The current guideline value of Royala Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Royala Nagar 3rd Main Road has changed

The guideline value for Royala Nagar 3rd Main Road has seen several revisions over the years. In 2002, the value was Rs 419 per sq.ft, which increased to Rs 518 per sq.ft in 2003, marking a 24% rise. The value continued to rise, reaching Rs 1,100 per sq.ft in 2007, which was a significant increase of 112%. By 2012, the value was Rs 4,000 per sq.ft, reflecting a 264% increase from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 2,680 per sq.ft, which was a drop of 33%. However, this trend reversed with a rise to Rs 4,000 per sq.ft in 2023, followed by another increase to the current value of Rs 4,400 per sq.ft in 2024, which is 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 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, making the guideline value for Royala Nagar 3rd Main Road above this median.

Stamp duty and registration fee for property in Royala Nagar 3rd 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, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royala Nagar 3rd Main Road?

The Sub Registrar Office that covers Royala Nagar 3rd 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 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. It serves as the minimum value for which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Royala Nagar 3rd Main Road?

The current guideline value of Royala Nagar 3rd 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 significantly, increasing from Rs 419 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 950%.

What is the land classification for Royala Nagar 3rd Main Road?

The land classification for Royala Nagar 3rd Main Road is Residential Special Type - I.

What are the stamp duty and registration fees for a property here?

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.

Which office handles registrations for Royala Nagar 3rd Main Road?

The Chennai South Joint II Sub Registrar Office handles registrations for Royala Nagar 3rd Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.