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Guideline Value

Corporate

Guideline Value for RamaKrishna Nagar 2nd street

₹2750/sq.ft.

The guideline value for Ramakrishna Nagar 2nd Street in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu 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 - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitlapakkam

Village

Tambaram Joint 1

SRO

Residential Class I Type - II
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 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ramakrishna Nagar 2nd Street

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RamaKrishna Nagar 2nd street guideline value

The current guideline value of RamaKrishna Nagar 2nd street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of RamaKrishna Nagar 2nd street has changed

The guideline value of RamaKrishna Nagar 2nd street has undergone several revisions over the years. The earliest available revision is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and finally rose to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning RamaKrishna Nagar 2nd street above this median.

Stamp duty and registration fee for property in RamaKrishna Nagar 2nd street

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, while the registration fee at 2% would be Rs 55,000. Together, the total fees would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers RamaKrishna Nagar 2nd street?

The RamaKrishna Nagar 2nd street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chitlapakkam

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the fair value of the property based on the local market conditions. It is essential for buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of RamaKrishna Nagar 2nd street?

The current guideline value of RamaKrishna Nagar 2nd street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, an increase of 10%. It was Rs 1,675 per sq.ft in 2017, showing a significant increase of 49% by 2023.

What is the registration fee for property in RamaKrishna Nagar 2nd street?

The registration fee for property in RamaKrishna Nagar 2nd street is 2% of the guideline value. For a plot valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Which office handles the registration for RamaKrishna Nagar 2nd street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for RamaKrishna Nagar 2nd street. It is located at No.26, Mes Road, East Tambaram, Chennai-600059.

Where can I find more information about stamp duty?

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