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Guideline Value

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Guideline Value for Ramakrishna Nagar - Lane (Kalathu Medu)

₹3960/sq.ft.

The guideline value for Ramakrishna Nagar - Lane (kalathu Medu) in Porur village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Ramakrishna Nagar - Lane (kalathu Medu)

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Ramakrishna Nagar - Lane (Kalathu Medu) guideline value

The current guideline value for Ramakrishna Nagar - Lane (Kalathu Medu) is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Ramakrishna Nagar - Lane (Kalathu Medu) has changed

The guideline value for Ramakrishna Nagar - Lane has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,600 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 2,412 per sq.ft. Following this, the value increased significantly to Rs 3,600 per sq.ft in 2023, and further rose to Rs 3,960 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. The most notable change occurred between 2017 and 2023, with a substantial increase of 49%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is equal to the guideline value of Ramakrishna Nagar - Lane (Kalathu Medu).

Stamp duty and registration fee for property in Ramakrishna Nagar - Lane (Kalathu Medu)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty is calculated at 7%, which totals Rs 2,77,200, while the registration fee at 2% amounts to Rs 79,200. Therefore, the total cost for stamp duty and registration fee together is Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramakrishna Nagar - Lane (Kalathu Medu)?

The Sub Registrar Office that covers Ramakrishna Nagar - Lane (Kalathu Medu) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is consistent and transparent for all property transactions.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar - Lane (Kalathu Medu)?

The current guideline value for Ramakrishna Nagar - Lane (Kalathu Medu) is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, marking a 10% increase. It also rose from Rs 2,412 per sq.ft in 2017 to Rs 3,600 per sq.ft in 2023, representing a 49% increase.

What is the land classification of Ramakrishna Nagar - Lane (Kalathu Medu)?

Ramakrishna Nagar - Lane (Kalathu Medu) is classified as Residential Special Type - I. This classification is important for understanding the zoning and permissible uses of the land.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Ramakrishna Nagar - Lane (Kalathu Medu) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 39,60,000, the stamp duty at 7% would be Rs 2,77,200.