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Guideline Value

Corporate

Guideline Value for Ram Nagar South 11 th Main Road

₹2750/sq.ft.

The guideline value for Ram Nagar South 11 Th Main Road 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 11 Th Main Road

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Ram Nagar South 11 th Main Road guideline value

The current guideline value of Ram Nagar South 11 th Main Road is Rs 2,750 per sq.ft. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - III.

How the guideline value of Ram Nagar South 11 th Main Road has changed

The guideline value for Ram Nagar South 11 th Main Road has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, which was then increased by 10% in the 2024 revision to Rs 2,750 per sq.ft.

This current value aligns with the median guideline value of Rs 2,750 per sq.ft for the 1,823 streets in Madipakkam-1 under the Velacheri SRO. The previous revision in 2023 marked an increase from the earlier value, reflecting a consistent adjustment in the guideline values for this area.

Guideline values in Madipakkam-1

In Madipakkam-1, the guideline values range from Rs 1,650 to Rs 5,500 per sq.ft, with the median being Rs 2,750 per sq.ft, making the guideline value of Ram Nagar South 11 th Main Road equal to this median. Below are the guideline values for other streets in Madipakkam-1:

Stamp duty and registration fee for property in Ram Nagar South 11 th Main Road

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, totaling Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for detailed calculations.

Which Sub Registrar Office covers Ram Nagar South 11 th Main Road?

The Ram Nagar South 11 th Main Road falls under the jurisdiction of 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 during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is officially recorded at a value that reflects the current market conditions as per the registration department's guidelines.

Frequently asked questions

What is the current guideline value of Ram Nagar South 11 th Main Road?

The current guideline value of Ram Nagar South 11 th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 2,500 per sq.ft to Rs 2,750 per sq.ft.

What is the land classification for Ram Nagar South 11 th Main Road?

Ram Nagar South 11 th Main Road is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office covers Ram Nagar South 11 th Main Road and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at 7%.