Guideline Value

Corporate

Guideline Value for Ramakrishna Nagar Anexe

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar Anexe in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Anexe

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Ramakrishna Nagar Anexe guideline value

The current guideline value of Ramakrishna Nagar Anexe is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ramakrishna Nagar Anexe has changed

The guideline value for Ramakrishna Nagar Anexe has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the guideline value to Rs 4,400 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2023 for this street. This lack of data means that the only revisions impacting the guideline value are from 2012, 2017, and 2024.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with the 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing Ramakrishna Nagar Anexe's 2024 figure above this median.

Stamp duty and registration fee for property in Ramakrishna Nagar Anexe

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these charges would be Rs 3,96,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramakrishna Nagar Anexe?

The Sub Registrar Office that covers Ramakrishna Nagar Anexe is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a buyer or seller approaches the registration office, the guideline value is referenced to ascertain the financial obligations associated with the transaction. This ensures transparency and consistency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar Anexe?

The current guideline value of Ramakrishna Nagar Anexe is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,400 per sq.ft in 2024, marking a 64% increase from 2017.

What is the land classification for Ramakrishna Nagar Anexe?

The land classification for Ramakrishna Nagar Anexe is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ramakrishna Nagar Anexe?

The Sub Registrar Office for Ramakrishna Nagar Anexe is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Ramakrishna Nagar Anexe?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,400 per sq.ft would incur a total guideline value of Rs 44,00,000, with applicable stamp duty and registration fees calculated accordingly.