Guideline Value

Corporate

Guideline Value for Ramakrishna Nagar 3rd Main Road

₹3850/sq.ft.

The guideline value for Ramakrishna Nagar 3rd Main Road in Velachery 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 Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
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 ₹1500 /sq.ft.
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 Ramakrishna Nagar 3rd Main Road

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Ramakrishna Nagar 3rd Main Road guideline value

The current guideline value of Ramakrishna Nagar 3rd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ramakrishna Nagar 3rd Main Road has changed

The guideline value for Ramakrishna Nagar 3rd Main Road has seen significant changes over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,500 per sq.ft. This figure increased to Rs 3,500 per sq.ft in the 2023 revision, marking a substantial rise of 133%. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 157%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Ramakrishna Nagar 3rd Main Road's 2024 figure below this median.

Stamp duty and registration fee for property in Ramakrishna Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost to Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramakrishna Nagar 3rd Main Road?

The Sub Registrar Office that covers Ramakrishna Nagar 3rd Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more details, you can find your SRO.

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

The guideline value is an important factor during property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When registering a property, the guideline value affects the calculation of stamp duty and registration fees. These fees are typically based on the guideline value or the sale price, whichever is higher, ensuring that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar 3rd Main Road?

The current guideline value of Ramakrishna Nagar 3rd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,500 per sq.ft to Rs 3,850 per sq.ft in 2024, which is a total increase of 157%.

What is the land classification for Ramakrishna Nagar 3rd Main Road?

The land classification for Ramakrishna Nagar 3rd Main Road is Residential Class II Type - III.

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

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.

Which office handles property registrations for Ramakrishna Nagar 3rd Main Road?

The Velacheri Sub Registrar Office handles property registrations for Ramakrishna Nagar 3rd Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.