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Guideline Value

Corporate

Guideline Value for Ram Nagar South 10th Street

₹2750/sq.ft.

The guideline value for Ram Nagar South 10th Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /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 South 10th Street

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Ram Nagar South 10th Street guideline value

The current guideline value of Ram Nagar South 10th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Ram Nagar South 10th Street has changed

According to the guideline value register, there are no figures for Ram Nagar South 10th Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 2,500 per sq.ft in the 2023 revision, which increased by 10% to Rs 2,750 per sq.ft in the 2024 revision.

This increase reflects the adjustments made to the guideline value, aligning it with the median value of Rs 2,750 per sq.ft for the 1823 streets in Madipakkam-1 under the Velacheri SRO, which range from Rs 1,650 to Rs 5,500 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, the guideline values for various streets show a range of Rs 1,650 to Rs 5,500 per sq.ft, with the median being Rs 2,750 per sq.ft. Ram Nagar South 10th Street's 2024 figure matches this median.

Stamp duty and registration fee for property in Ram Nagar South 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Ram Nagar South 10th Street?

The Sub Registrar Office that covers Ram Nagar South 10th 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 during property registration in Madipakkam-1. It serves as a benchmark for determining the minimum value of a property, which helps in calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as per the register maintained by the Registration Department. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Ram Nagar South 10th Street?

The current guideline value of Ram Nagar South 10th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ram Nagar South 10th Street was Rs 2,500 per sq.ft in 2023 and increased by 10% to Rs 2,750 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Ram Nagar South 10th Street?

Ram Nagar South 10th Street falls under the Residential Class I Type - III land classification. This classification is important for determining the permissible uses of the land.

What is the registration fee for property in Ram Nagar South 10th Street?

The registration fee for property transactions in Ram Nagar South 10th Street is calculated at 2% of the guideline value. For example, if the guideline value is Rs 27,50,000, the registration fee would be Rs 55,000.

Where can I find the Sub Registrar Office for Ram Nagar South 10th Street?

The Velacheri Sub Registrar Office covers Ram Nagar South 10th Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more details by visiting the appropriate link.