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Guideline Value

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Guideline Value for Ram Nagar North, Sivaram (Sivaraman) Street

₹3850/sq.ft.

The guideline value for Ram Nagar North, Sivaram (sivaraman) Street 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 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 North, Sivaram (sivaraman) Street

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Ram Nagar North, Sivaram (Sivaraman) Street guideline value

The current guideline value for Ram Nagar North, Sivaram (Sivaraman) 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, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Ram Nagar North, Sivaram (Sivaraman) Street has changed

The guideline value for Ram Nagar North, Sivaram (Sivaraman) Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. However, in 2023, the guideline value was Rs 3,500 per sq.ft, which increased to Rs 3,850 per sq.ft in 2024, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the register for the years mentioned. The most recent revision reflects an increase in the guideline value, aligning it above the median value for other streets in Madipakkam-1.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging 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, positioning Ram Nagar North, Sivaram (Sivaraman) Street above this median.

Stamp duty and registration fee for property in Ram Nagar North, Sivaram (Sivaraman) Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to 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, bringing the total fees together to Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ram Nagar North, Sivaram (Sivaraman) Street?

The Sub Registrar Office that covers Ram Nagar North, Sivaram (Sivaraman) 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 in the registration process when buying or selling property in Madipakkam-1. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that need to be paid.

When a property is sold, the guideline value serves as a benchmark for calculating taxes. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value for Ram Nagar North, Sivaram (Sivaraman) Street?

The current guideline value for Ram Nagar North, Sivaram (Sivaraman) 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 has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a +10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft. Ram Nagar North, Sivaram (Sivaraman) Street's value is above this median.

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

For a property with a guideline value of Rs 38,50,000, the stamp duty is Rs 2,69,500 and the registration fee is Rs 77,000, totaling Rs 3,46,500. Fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Ram Nagar North, Sivaram (Sivaraman) Street?

The Velacheri Sub Registrar Office handles the registration for Ram Nagar North, Sivaram (Sivaraman) Street. The office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.