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Guideline Value

Corporate

Guideline Value for Ram Nagar 2nd Cross Street (Arround Park)

₹4200/sq.ft.

The guideline value for Ram Nagar 2nd Cross Street (arround Park) 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 ₹1000 /sq.ft.
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)

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 2nd Cross Street (arround Park)

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Ram Nagar 2nd Cross Street (Arround Park) guideline value

The current guideline value of Ram Nagar 2nd Cross Street (Arround Park) is Rs 4,200 per sq.ft. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Ram Nagar 2nd Cross Street (Arround Park) has changed

The guideline value for Ram Nagar 2nd Cross Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,900 per sq.ft in the 2012 revision, marking a 290% rise. However, in 2017, the value decreased to Rs 2,613 per sq.ft, reflecting a drop of 33%. The 2023 revision saw a substantial increase to Rs 3,900 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 4,200 per sq.ft, which is an 8% increase from the previous year.

In summary, the guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, representing an overall increase of 320%. The register has no figures for the years 2002 and 2003 for this street.

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 guideline value for these streets is Rs 3,301 per sq.ft, placing Ram Nagar 2nd Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Ram Nagar 2nd Cross Street (Arround Park)

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, bringing the total to Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ram Nagar 2nd Cross Street (Arround Park)?

The Sub Registrar Office that covers Ram Nagar 2nd Cross Street (Arround Park) 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 plays a crucial role when buying or selling property in Peravallur. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that the guideline value is a reference point for calculating these fees and is essential for the registration process.

When a property is registered, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ram Nagar 2nd Cross Street?

The current guideline value of Ram Nagar 2nd Cross Street (Arround Park) 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 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 and significant increases in other years.

What is the median guideline value in Peravallur?

The median guideline value for the 423 streets in Peravallur under the Sembiam SRO is Rs 3,301 per sq.ft, which is below the current value of Ram Nagar 2nd Cross Street.

What are the stamp duty and registration fees for property in Ram Nagar 2nd Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 42,00,000, leading to a stamp duty of Rs 2,94,000 and a registration fee of Rs 84,000, totaling Rs 3,78,000.

Where is the Sub Registrar Office for Ram Nagar 2nd Cross Street located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, and it covers Ram Nagar 2nd Cross Street (Arround Park).