Guideline Value

Corporate

Guideline Value for Ram Nagar 1st Main Road

₹4200/sq.ft.

The guideline value for Ram Nagar 1st Main Road 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 ₹426 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹391 /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 Main Road

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Ram Nagar 1st Main Road guideline value

The current guideline value of Ram Nagar 1st Main Road is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Mixed Type - I land.

How the guideline value of Ram Nagar 1st Main Road has changed

The guideline value for Ram Nagar 1st Main Road has seen significant changes over the years. In 2002, the value was Rs 391 per sq.ft, which increased to Rs 426 per sq.ft in 2003. Following this, there was a substantial rise to Rs 800 per sq.ft in 2007, and the value further jumped to Rs 3,900 per sq.ft in 2012. However, it then decreased to Rs 2,613 per sq.ft in 2017 before climbing to Rs 3,900 per sq.ft again in 2023. The most recent revision in 2024 set the guideline value at Rs 4,200 per sq.ft.

Between these revisions, notable changes include an increase of 8% from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a remarkable 388% increase from 2007 to 2012, an 88% increase from 2003 to 2007, and a 9% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 974%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a guideline value for 2024, 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, making the guideline value of Ram Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in Ram Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value would be Rs 42,00,000. The stamp duty at 7% would amount to Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, leading to a total cost of Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ram Nagar 1st Main Road?

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

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

The guideline value is a crucial factor when buying or selling property in Peravallur. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers must be aware that the guideline value serves as a reference point for calculating these costs.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and integrity in property dealings.

Frequently asked questions

What is the current guideline value of Ram Nagar 1st Main Road?

The current guideline value of Ram Nagar 1st Main Road 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 significantly from Rs 391 per sq.ft in 2002 to Rs 4,200 per sq.ft in 2024, reflecting an overall increase of 974% over this period.

What are the stamp duty rates for properties in Ram Nagar 1st Main Road?

The stamp duty rate for properties in Ram Nagar 1st Main Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

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 Main Road's value being above this median at Rs 4,200 per sq.ft.