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Guideline Value

Corporate

Guideline Value for Ram Nagar North Extn 2nd Main Road

₹4400/sq.ft.

The guideline value for Ram Nagar North Extn 2nd 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 ₹2680 /sq.ft.
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 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 Extn 2nd Main Road

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Ram Nagar North Extn 2nd Main Road guideline value

The current guideline value of Ram Nagar North Extn 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Velachery village, within the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ram Nagar North Extn 2nd Main Road has changed

The guideline value for Ram Nagar North Extn 2nd Main Road has undergone several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 122%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The most recent revision in 2024 saw the value rise to Rs 4,400 per sq.ft, an increase of 64% from 2017.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 144%. It is important to note that there are no figures available for this street in the revisions of 2023, 2003, and 2002.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which matches the guideline value of Ram Nagar North Extn 2nd Main Road.

Stamp duty and registration fee for property in Ram Nagar North Extn 2nd 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 amounts to 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, 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 our stamp duty and registration fee calculator for more accurate calculations based on your specific property.

Which Sub Registrar Office covers Ram Nagar North Extn 2nd Main Road?

The Sub Registrar Office that covers Ram Nagar North Extn 2nd 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 details.

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

The guideline value plays a crucial role in property transactions in Velachery, as it determines the minimum value for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Proper understanding of this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ram Nagar North Extn 2nd Main Road?

The current guideline value of Ram Nagar North Extn 2nd Main Road 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 changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What are the stamp duty and registration fees for property 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.

Which office handles property registrations in this locality?

The Velacheri Sub Registrar Office is responsible for property registrations in Ram Nagar North Extn 2nd Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Ram Nagar North Extn 2nd Main Road?

Ram Nagar North Extn 2nd Main Road is classified as Residential Class II Type - II, indicating its suitability for residential development.