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Guideline Value

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Guideline Value for Ramakrishna Nagar E.B.Colony 2nd Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar E.b.colony 2nd Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II 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 N/A
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)

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 E.b.colony 2nd Street

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Ramakrishna Nagar E.B.Colony 2nd Street guideline value

The current guideline value for Ramakrishna Nagar E.B.Colony 2nd Street is Rs 4,400 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 - II.

How the guideline value of Ramakrishna Nagar E.B.Colony 2nd Street has changed

The guideline value register does not provide figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Ramakrishna Nagar E.B.Colony 2nd Street. However, the most recent revision in 2024 shows a guideline value of Rs 4,400 per sq.ft.

As there are no figures available for the previous years, it can be concluded that the only available guideline value for this street is from the 2024 revision.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the guideline value for Ramakrishna Nagar E.B.Colony 2nd Street.

Stamp duty and registration fee for property in Ramakrishna Nagar E.B.Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% is Rs 3,08,000, and the registration fee at 2% is Rs 88,000, making the total fees Rs 3,96,000. It is important to 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 details.

Which Sub Registrar Office covers Ramakrishna Nagar E.B.Colony 2nd Street?

The Ramakrishna Nagar E.B.Colony 2nd Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ramakrishna Nagar E.B.Colony 2nd Street?

The current guideline value for Ramakrishna Nagar E.B.Colony 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register does not provide figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for this street. The only available figure is from the 2024 revision, which is Rs 4,400 per sq.ft.

What is the land classification for Ramakrishna Nagar E.B.Colony 2nd Street?

The land classification for Ramakrishna Nagar E.B.Colony 2nd Street is Residential Class II Type - II.

Where can I find the registration office for this area?

The registration office for Ramakrishna Nagar E.B.Colony 2nd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,400 per sq.ft results in a total guideline value of Rs 44,00,000, leading to a stamp duty of Rs 3,08,000.