Guideline Value

Corporate

Guideline Value for Ram Nagar Extension 8th Street

₹3850/sq.ft.

The guideline value for Ram Nagar Extension 8th Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /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 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

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 Extension 8th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ram Nagar Extension 8th Street guideline value

The current guideline value of Ram Nagar Extension 8th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ram Nagar Extension 8th Street has changed

The guideline value register has no figures for Ram Nagar Extension 8th Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft.

Since there are no figures available for the previous revisions, there have been no changes recorded for this street between the years listed. The current figure is the only one available for reference.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, making the 2024 figure for Ram Nagar Extension 8th Street above that median.

Stamp duty and registration fee for property in Ram Nagar Extension 8th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value is Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. 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 Extension 8th Street?

The Sub Registrar Office that covers Ram Nagar Extension 8th 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 more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor when registering property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties. It ensures that the transaction is recorded accurately and that the necessary fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Ram Nagar Extension 8th Street?

The current guideline value of Ram Nagar Extension 8th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Ram Nagar Extension 8th Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

What is the land classification for Ram Nagar Extension 8th Street?

The land classification for Ram Nagar Extension 8th Street is Residential Class I Type - I. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total stamp duty and registration fees amount to Rs 3,46,500. This includes a stamp duty of Rs 2,69,500 and a registration fee of Rs 77,000.

Which Sub Registrar Office handles registrations for this area?

The Velacheri Sub Registrar Office handles registrations for Ram Nagar Extension 8th Street. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.