Guideline Value

Corporate

Guideline Value for Ram Nagar 4th Main Road

₹4200/sq.ft.

The guideline value for Ram Nagar 4th 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 ₹448 /sq.ft.
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 4th Main Road

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Ram Nagar 4th Main Road guideline value

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

How the guideline value of Ram Nagar 4th Main Road has changed

Over the years, the guideline value of Ram Nagar 4th Main Road has seen significant changes. The register shows that in 2003, the value was Rs 448 per sq.ft, which increased to Rs 800 per sq.ft in 2007. Following this, there was a substantial rise to Rs 3,900 per sq.ft in 2012, before dropping to Rs 2,613 per sq.ft in 2017. The value then surged to Rs 3,900 per sq.ft in 2023, and currently stands at Rs 4,200 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it saw an 8% rise. The largest increase occurred between 2007 and 2012, with a remarkable 388% jump. Overall, from 2003 to 2024, the guideline value has increased by 838%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO carrying 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, making the 2024 figure for Ram Nagar 4th Main Road above the median.

Stamp duty and registration fee for property in Ram Nagar 4th 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, bringing the total cost for these fees to 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.

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

Which Sub Registrar Office covers Ram Nagar 4th Main Road?

The Sub Registrar Office that covers Ram Nagar 4th Main Road 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 in the registration process when buying or selling property in Peravallur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged based on the higher of the two.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for both buyers and sellers to understand how this value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ram Nagar 4th Main Road?

The current guideline value of Ram Nagar 4th 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 448 per sq.ft in 2003 to Rs 4,200 per sq.ft in 2024, with various revisions along the way, including a drop in value from 2012 to 2017.

What is the stamp duty rate for property in Ram Nagar 4th Main Road?

The stamp duty rate for property transactions in Ram Nagar 4th 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 4th Main Road's 2024 value being above this median.