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Guideline Value

Corporate

Guideline Value for Ram Nagar South 15th Main Road

₹2750/sq.ft.

The guideline value for Ram Nagar South 15th Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹2500 /sq.ft.
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 15th Main Road

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Ram Nagar South 15th Main Road guideline value

The current guideline value of Ram Nagar South 15th Main Road 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 is classified as Residential Class I Type - III.

How the guideline value of Ram Nagar South 15th Main Road has changed

In the 2017 revision, the guideline value was Rs 2,500 per sq.ft. The most recent 2024 revision raised this figure to Rs 2,750 per sq.ft, marking a 10% increase. The register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has seen an increase from Rs 2,500 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024. This change reflects the most recent updates in the guideline value register.

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 value for these streets is Rs 2,750 per sq.ft, which aligns with the guideline value of Ram Nagar South 15th Main Road.

Stamp duty and registration fee for property in Ram Nagar South 15th 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 amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling 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 property details.

Which Sub Registrar Office covers Ram Nagar South 15th Main Road?

The Sub Registrar Office that covers Ram Nagar South 15th 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 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 determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is crucial to be aware of the guideline value, as it ensures compliance with legal requirements and helps in calculating the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Ram Nagar South 15th Main Road?

The current guideline value of Ram Nagar South 15th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Ram Nagar South 15th Main Road?

Ram Nagar South 15th Main Road is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%, and the registration fee would be Rs 55,000 at 2%, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Ram Nagar South 15th Main Road located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, covering the registration for Ram Nagar South 15th Main Road.