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Guideline Value

Corporate

Guideline Value for Ram Nagar Pump House Salai

₹4400/sq.ft.

The guideline value for Ram Nagar Pump House Salai in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. 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 ₹4000 /sq.ft.
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 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 Pump House Salai

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Ram Nagar Pump House Salai guideline value

The current guideline value of Ram Nagar Pump House Salai is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO with a land classification of Residential Class II Type - II.

How the guideline value of Ram Nagar Pump House Salai has changed

Over the years, the guideline value for Ram Nagar Pump House Salai has seen several revisions. The 2007 revision set the value at Rs 1,800 per sq.ft, which then increased significantly to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The register has no figure for the years 2002, 2003, and 2017.

The most recent revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, marking a 10% increase from the 2023 figure of Rs 4,000 per sq.ft. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 144% in the guideline value.

Guideline values in Velachery

In Velachery, 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, with a median value of Rs 4,400 per sq.ft. The guideline value of Ram Nagar Pump House Salai aligns with this median.

Stamp duty and registration fee for property in Ram Nagar Pump House Salai

For a property measuring 1,000 sq.ft 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, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers Ram Nagar Pump House Salai?

The Sub Registrar Office that covers Ram Nagar Pump House Salai is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can find your SRO here.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is documented accurately and fairly.

When you buy or sell property, the guideline value impacts the stamp duty and registration fees that need to be paid. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ram Nagar Pump House Salai?

The current guideline value of Ram Nagar Pump House Salai 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 increased 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 this period.

What are the other streets with similar guideline values in Velachery?

Other streets in Velachery with a guideline value of Rs 4,400 per sq.ft include Ram Nagar Pillaiyar Koil Street, Ram Nagar North Extn Main Road, Ram Nagar North Extn 7th Street, Ram Nagar North Extn 6th Street, and Ram Nagar North Extn 6th Main Road.

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.

Which office handles property registrations in Ram Nagar Pump House Salai?

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