Guideline Value

Corporate

Guideline Value for Ram Nagar 1st Cross Street

₹4200/sq.ft.

The guideline value for Ram Nagar 1st Cross Street in Peravallur village (Sembiam SRO, Chennai zone) is Rs 4200 per sq.ft, effective 1 July 2024. It was Rs 3900 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4200 /sq.ft.
From 1-4-2023 ₹3900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2613 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹447 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹410 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 1st Cross Street

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Ram Nagar 1st Cross Street guideline value

The current guideline value for Ram Nagar 1st Cross Street is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam Sub Registrar Office (SRO), with a land classification of Mixed Type - I.

How the guideline value of Ram Nagar 1st Cross Street has changed

The guideline value for Ram Nagar 1st Cross Street has undergone several revisions over the years. In 2002, the value was Rs 410 per sq.ft, which increased to Rs 447 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, and further increased to Rs 3,900 per sq.ft in 2012. However, it saw a decrease to Rs 2,613 per sq.ft in 2017. The value then increased to Rs 3,900 per sq.ft in 2023, before reaching the current figure of Rs 4,200 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The transition from 2023 to 2024 reflects an 8% rise. The largest increase occurred between 2007 and 2012, with a change of 388%. Overall, since 2002, the guideline value has increased by 924%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, placing Ram Nagar 1st Cross Street above this median.

Stamp duty and registration fee for property in Ram Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty at 7% would be Rs 2,94,000, and the registration fee at 2% would be Rs 84,000. Together, the total fees would be Rs 3,78,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ram Nagar 1st Cross Street?

The Sub Registrar Office that covers Ram Nagar 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official values set by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ram Nagar 1st Cross Street?

The current guideline value for Ram Nagar 1st Cross Street is Rs 4,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 410 per sq.ft in 2002 to Rs 4,200 per sq.ft in 2024, reflecting an overall increase of 924% over this period.

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, with Ram Nagar 1st Cross Street's value being above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,78,000, calculated based on the guideline value of Rs 42,00,000.

Where can I find the Sub Registrar Office for Ram Nagar 1st Cross Street?

The Sub Registrar Office for Ram Nagar 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.