Guideline Value

Corporate

Guideline Value for ROYALA NAGAR OTHER CROSS STREETS

₹4400/sq.ft.

The guideline value for Royala Nagar Other Cross Streets 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 Other Cross Streets

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Royala Nagar Other Cross Streets guideline value

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

How the guideline value of Royala Nagar Other Cross Streets has changed

The guideline value for Royala Nagar Other Cross Streets has undergone 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% increase. The value continued to rise significantly, reaching Rs 1,100 per sq.ft in 2007, a 112% increase from the previous year. By 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial 264% increase from 2007. However, there was a decrease to Rs 2,680 per sq.ft in 2017, a drop of 33% from the 2012 figure.

From 2017 to 2023, the guideline value saw a notable increase to Rs 4,000 per sq.ft, representing a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the 2023 figure. There are no figures available for any other revisions for this street.

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, with a median value of Rs 3,100 per sq.ft. The guideline value of Royala Nagar Other Cross Streets is above this median.

Stamp duty and registration fee for property in Royala Nagar Other Cross Streets

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, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Royala Nagar Other Cross Streets?

The Sub Registrar Office that covers Royala Nagar Other Cross Streets 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 during the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Royala Nagar Other Cross Streets?

The current guideline value of Royala Nagar Other Cross Streets 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 from Rs 419 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 950% over this period.

What is the land classification for Royala Nagar Other Cross Streets?

The land classification for Royala Nagar Other Cross Streets is Residential Special Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Royala Nagar?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000.