Guideline Value

Corporate

Guideline Value for Ram Nagar 13th Main Road

₹3850/sq.ft.

The guideline value for Ram Nagar 13th Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 Ram Nagar 13th Main Road

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Ram Nagar 13th Main Road guideline value

The current guideline value of Ram Nagar 13th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Ram Nagar 13th Main Road has changed

The guideline value register has no figures for Ram Nagar 13th Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

As there have been no changes between the revisions listed, the current guideline value remains consistent with the 2024 revision figure.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value of Ram Nagar 13th Main Road is above this median.

Stamp duty and registration fee for property in Ram Nagar 13th Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ram Nagar 13th Main Road?

The Sub Registrar Office covering Ram Nagar 13th Main Road is 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 is a crucial factor when registering property in Madipakkam-1. It determines the minimum value at which the property can be registered, ensuring that the transaction is transparent and fair.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that all parties are aware of the financial implications of the property transfer.

Frequently asked questions

What is the current guideline value of Ram Nagar 13th Main Road?

The current guideline value of Ram Nagar 13th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

What is the land classification of Ram Nagar 13th Main Road?

Ram Nagar 13th Main Road is classified as Residential Class I Type - I.

What are the other streets in Madipakkam-1 with the same guideline value?

Other streets in Madipakkam-1 with the same guideline value of Rs 3,850 per sq.ft include Ram Nagar 12th Main Road, Ram Nagar 14th Main Road, Ram Nagar 11th Main Road, Ram Nagar 15th Main Road, Ram Nagar 10th Street, and Ram Nagar 1st Cross Street.

How is the stamp duty calculated for properties in Ram Nagar 13th Main Road?

Stamp duty for properties in Ram Nagar 13th Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

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.