Guideline Value

Corporate

Guideline Value for Ram Nagar 7th Main Road

₹4400/sq.ft.

The guideline value for Ram Nagar 7th Main Road 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 ₹644 /sq.ft.
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 7th Main Road

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Ram Nagar 7th Main Road guideline value

The current guideline value of Ram Nagar 7th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road 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 7th Main Road has changed

The guideline value for Ram Nagar 7th Main Road has seen several revisions over the years. The earliest recorded figure is from 2003, at Rs 644 per sq.ft. This value increased significantly to Rs 1,800 per sq.ft in 2007, marking a change of +180%. Following this, the 2012 revision set the value at Rs 4,000 per sq.ft, which was a notable increase of +122% from the previous revision. The most recent revision in 2024 has further increased the value to Rs 4,400 per sq.ft, reflecting a +10% change from 2012.

Overall, from 2003 to 2024, the guideline value has increased by +583%. It is important to note that the register has no figures for the years 2002, 2017, and 2023 for this street.

Guideline values in Velachery

In Velachery village, 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 aligns with the current guideline value of Ram Nagar 7th Main Road.

Stamp duty and registration fee for property in Ram Nagar 7th Main Road

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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ram Nagar 7th Main Road?

The Sub Registrar Office that covers Ram Nagar 7th 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 Velachery

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value as it impacts the overall cost of the property transaction.

When a property is registered, the guideline value is assessed to ensure that the transaction reflects the fair value of the property. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Ram Nagar 7th Main Road?

The current guideline value of Ram Nagar 7th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 644 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +583% over the years.

What are the other streets with the same guideline value in Velachery?

Other streets in Velachery with the same guideline value of Rs 4,400 per sq.ft include Ram Nagar 7th Street, Ram Nagar 6th Street, Ram Nagar 7th Street Extn, Ram Nagar 8th Main Road, and Ram Nagar 8th Main Road Avenue.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Ram Nagar 7th Main Road?

The Sub Registrar Office for Ram Nagar 7th Main Road is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.