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Guideline Value

Corporate

Guideline Value for Ram Nagar North 8th Main Road

₹3850/sq.ft.

The guideline value for Ram Nagar North 8th Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
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 North 8th Main Road

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Ram Nagar North 8th Main Road guideline value

The current guideline value of Ram Nagar North 8th Main Road 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 North 8th Main Road has changed

The guideline value for Ram Nagar North 8th Main Road has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 2,345 per sq.ft. This increased to Rs 3,500 per sq.ft in 2023, and then to Rs 3,850 per sq.ft in 2024, marking a significant rise of 64% from 2017 to 2024. The increase from 2023 to 2024 was 10%, while the jump from 2017 to 2023 was 49%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. This indicates that the guideline value remained unlisted during those revisions.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Ram Nagar North 8th Main Road is above this median.

Stamp duty and registration fee for property in Ram Nagar North 8th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be 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 North 8th Main Road?

The Sub Registrar Office that covers Ram Nagar North 8th Main Road 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 an essential factor in property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property in the area.

When registering a property, the guideline value is used to calculate the applicable duties and fees, ensuring that all transactions are conducted fairly and transparently. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ram Nagar North 8th Main Road?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, representing an overall increase of 64% during this period.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

What other streets have the same guideline value in Madipakkam-1?

Other streets in Madipakkam-1 with the same guideline value of Rs 3,850 per sq.ft include Ram Nagar North 7th Street, Ram Nagar North 8th Street, Ram Nagar North 9th Street, Ram Nagar North Extension, Ram Nagar North 6th Street, and Ram Nagar North Extension 10th Main Road.

Which office handles property registrations for Ram Nagar North 8th Main Road?

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