Guideline Value

Corporate

Guideline Value for Ram Poornam Nagar Extention

₹1300/sq.ft.

The guideline value for Ram Poornam Nagar Extention 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 Extention

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Ram Poornam Nagar Extention guideline value

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

How the guideline value of Ram Poornam Nagar Extention has changed

The guideline value for Ram Poornam Nagar Extention has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, marking an 8% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 62% in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial change in the guideline value over that period.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, and Ram Poornam Nagar Extention's 2024 figure is below this median.

Stamp duty and registration fee for property in Ram Poornam Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ram Poornam Nagar Extention?

The Sub Registrar Office that covers Ram Poornam Nagar Extention is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in 5. Athipattu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Ram Poornam Nagar Extention?

The current guideline value of Ram Poornam Nagar Extention 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 increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% over this period. The value was Rs 1,200 per sq.ft in 2023, showing an 8% increase from that year to 2024.

What are the guideline values of other streets in 5. Athipattu?

Other streets in 5. Athipattu have varying guideline values, with Ram Poornam Nagar -1 and Ram Poornam Nagar -2 both at Rs 1,300 per sq.ft. Other streets like Reddy Street and Renganathan Street are valued at Rs 1,600 per sq.ft, while Roja Street is at Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000, with stamp duty and registration fees amounting to Rs 1,17,000.

Where can I find the Sub Registrar Office for Ram Poornam Nagar Extention?

The Konnur Sub Registrar Office covers Ram Poornam Nagar Extention. It is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.