Guideline Value

Corporate

Guideline Value for Ram Nagar 27th Main Road

₹3850/sq.ft.

The guideline value for Ram Nagar 27th 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 ₹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 Ram Nagar 27th Main Road

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Ram Nagar 27th Main Road guideline value

The current guideline value of Ram Nagar 27th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Ram Nagar 27th Main Road has changed

The guideline value for Ram Nagar 27th Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, a significant increase from the 2017 revision, which was Rs 2,345 per sq.ft. This represents a change of +64% from the earlier figure. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2017 revision, the guideline values for Ram Nagar 27th Main Road were not specified in the register. The increase from 2017 to 2024 highlights the changes in property valuation within this period, reflecting the current market conditions.

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 for Ram Nagar 27th Main Road is above this median, indicating its relative positioning within the locality.

Stamp duty and registration fee for property in Ram Nagar 27th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 3,46,500. It is important to note that the 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 27th Main Road?

The Sub Registrar Office that covers Ram Nagar 27th Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Madipakkam-1, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling property, the guideline value serves as a benchmark for both parties. It ensures that the transaction is conducted at a value that is recognized by the government, thereby facilitating a transparent process in property dealings.

Frequently asked questions

What is the current guideline value of Ram Nagar 27th Main Road?

The current guideline value of Ram Nagar 27th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, marking a change of +64%.

Are there any years with no guideline value figures for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Ram Nagar 27th Main Road.

What is the registration office for Ram Nagar 27th Main Road?

The registration office for Ram Nagar 27th Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Madipakkam-1?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at a rate of 7%.