Guideline Value

Corporate

Guideline Value for Ram Nagar 3rd Main Road

₹3300/sq.ft.

The guideline value for Ram Nagar 3rd Main Road in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹650 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹380 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 3rd Main Road

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Ram Nagar 3rd Main Road guideline value

The current guideline value for Ram Nagar 3rd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ram Nagar 3rd Main Road has changed

The guideline value for Ram Nagar 3rd Main Road has seen several revisions over the years. In 2002, the value was Rs 380 per sq.ft, which increased to Rs 650 per sq.ft in 2003, marking a change of +71%. Following this, the value rose to Rs 900 per sq.ft in 2007, reflecting an increase of +38%. The next revision in 2012 brought the value to Rs 3,000 per sq.ft, a significant jump of +233% from 2007. However, in 2017, the value decreased to Rs 2,010 per sq.ft, showing a decline of -33%.

In 2023, the guideline value increased to Rs 3,000 per sq.ft, and the latest revision in 2024 set it at Rs 3,300 per sq.ft, which is a rise of +10%. Overall, from 2002 to 2024, the guideline value has increased by +768%. The register has no figure for the years not mentioned.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing the guideline value of Ram Nagar 3rd Main Road below this median.

Stamp duty and registration fee for property in Ram Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 3rd Main Road?

The Sub Registrar Office that covers Ram Nagar 3rd Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential aspect of property transactions in Adambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, it is crucial to ensure that the sale price meets or exceeds the guideline value to avoid any legal issues. The guideline value serves as a benchmark for the registration process, ensuring transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Ram Nagar 3rd Main Road?

The current guideline value of Ram Nagar 3rd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 380 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +768% over the years.

What is the land classification for Ram Nagar 3rd Main Road?

Ram Nagar 3rd Main Road is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Ram Nagar 3rd Main Road located?

The Sub Registrar Office for Ram Nagar 3rd Main Road is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.