Guideline Value

Corporate

Guideline Value for Ram Poornam Nagar -2

₹1300/sq.ft.

The guideline value for Ram Poornam Nagar -2 in 5. Athipattu village (Konnur SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

5. Athipattu

Village

Konnur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Poornam Nagar -2

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Ram Poornam Nagar -2 guideline value

The current guideline value of Ram Poornam Nagar -2 is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village, under the Konnur SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Ram Poornam Nagar -2 has changed

The guideline value for Ram Poornam Nagar -2 has undergone several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a substantial rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 1,300 per sq.ft, representing an 8% growth from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 62%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Ram Poornam Nagar -2 below that median.

Stamp duty and registration fee for property in Ram Poornam Nagar -2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that 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 Poornam Nagar -2?

The Sub Registrar Office that covers Ram Poornam Nagar -2 is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For further details, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role during property registration in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When you register a property, the guideline value is used to calculate the applicable duties and fees, ensuring that both the buyer and seller comply with local regulations. It is essential for buyers to be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ram Poornam Nagar -2?

The current guideline value of Ram Poornam Nagar -2 is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024. This represents a total increase of 62% from 2017 to 2024.

What are the stamp duty and registration fees for a property in Ram Poornam Nagar -2?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 13,00,000. The stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles the registration for Ram Poornam Nagar -2?

The Konnur Sub Registrar Office handles the registration for Ram Poornam Nagar -2, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions. It acts as a benchmark to ensure compliance with local regulations when buying or selling property.