Guideline Value

Corporate

Guideline Value for Rajagopalapuram(Ram Nagar)

₹3850/sq.ft.

The guideline value for Rajagopalapuram(ram Nagar) in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Rajagopalapuram(ram Nagar)

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Rajagopalapuram(Ram Nagar) guideline value

The current guideline value of Rajagopalapuram(Ram Nagar) is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is part of Madipakkam-1 village and falls under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Rajagopalapuram(Ram Nagar) has changed

The guideline value for Rajagopalapuram(Ram Nagar) has seen several revisions over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, which increased to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 raised it to Rs 3,850 per sq.ft, marking a 10% increase from the previous year and a significant 64% increase from 2017.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes between revisions show a 49% increase from 2017 to 2023, reflecting the evolving property landscape in the area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Rajagopalapuram(Ram Nagar) above this median.

Stamp duty and registration fee for property in Rajagopalapuram(Ram Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajagopalapuram(Ram Nagar)?

The Rajagopalapuram(Ram Nagar) area is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is checked to ascertain the applicable fees. It is essential for both parties in a transaction to agree on a sale price that meets or exceeds the guideline value to avoid potential issues during registration.

Frequently asked questions

What is the current guideline value of Rajagopalapuram(Ram Nagar)?

The current guideline value of Rajagopalapuram(Ram Nagar) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft in 2024, showing a total increase of 64% over this period.

What is the stamp duty for property in Rajagopalapuram(Ram Nagar)?

The stamp duty for property in Rajagopalapuram(Ram Nagar) is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, with Rajagopalapuram(Ram Nagar) being above this median at Rs 3,850 per sq.ft.