Guideline Value

Corporate

Guideline Value for Ram Nagar 4th Street

₹4400/sq.ft.

The guideline value for Ram Nagar 4th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹561 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹500 /sq.ft.
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 4th Street

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Ram Nagar 4th Street guideline value

The current guideline value of Ram Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ram Nagar 4th Street has changed

The guideline value for Ram Nagar 4th Street has undergone several revisions since 2002. In 2002, the value was Rs 500 per sq.ft, which increased to Rs 561 per sq.ft in 2003, marking a change of 12%. The value saw a significant rise to Rs 1,800 per sq.ft in 2007, reflecting a 221% increase. By 2012, the value reached Rs 4,000 per sq.ft, which was a 122% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft, representing a 10% increase from 2012.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 780%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for Ram Nagar 4th Street.

Stamp duty and registration fee for property in Ram Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ram Nagar 4th Street?

The Sub Registrar Office that covers Ram Nagar 4th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that transactions are conducted fairly and transparently.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of Ram Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 500 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 780%.

What are the stamp duty rates in Velachery?

The stamp duty rate in Velachery is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Ram Nagar 4th Street?

The Velacheri Sub Registrar Office handles property registrations for Ram Nagar 4th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Are there other streets with the same guideline value in Velachery?

Yes, several other streets in Velachery have the same guideline value of Rs 4,400 per sq.ft in 2024, including Ram Nagar 4th Main Road, Ram Nagar 5th Main Road, Ram Nagar 5th Street, Ram Nagar 4th Extn, and Ram Nagar 3rd Street.