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Guideline Value

Corporate

Guideline Value for Ram Nagar, Vasudeva Nagar

₹3850/sq.ft.

The guideline value for Ram Nagar, Vasudeva Nagar 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, Vasudeva Nagar

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Ram Nagar, Vasudeva Nagar guideline value

The current guideline value for Ram Nagar, Vasudeva Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under the Madipakkam-1 village and is classified as Residential Class I Type - I, governed by the Velacheri SRO.

How the guideline value of Ram Nagar, Vasudeva Nagar has changed

Over the years, the guideline value for Ram Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, marking a change of +10%. Prior to 2023, there are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline values for the revisions available are Rs 3,500 per sq.ft for 2023 and Rs 3,850 per sq.ft for 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for this area is Rs 2,750 per sq.ft, positioning the 2024 figure for Ram Nagar, Vasudeva Nagar above the median.

Stamp duty and registration fee for property in Ram Nagar, Vasudeva Nagar

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 cost together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ram Nagar, Vasudeva Nagar?

The Sub Registrar Office that covers Ram Nagar, Vasudeva Nagar 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 further assistance.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during property transactions in Madipakkam-1. It is used as a reference point for determining the applicable stamp duty and registration fees when buying or selling property in the area.

When registering a property, the guideline value is considered to ensure that the transaction is in compliance with local regulations. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Ram Nagar, Vasudeva Nagar?

The current guideline value for Ram Nagar, Vasudeva Nagar 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, representing a +10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

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. The guideline value for Ram Nagar, Vasudeva Nagar is above this median.

What are the stamp duty and registration fees for a property in Ram Nagar?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500. This is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Ram Nagar, Vasudeva Nagar?

The Velacheri Sub Registrar Office covers Ram Nagar, Vasudeva Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more details online.