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Guideline Value

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Guideline Value for Ramakrishna Nagar E.B.Colony 4th Street

₹4400/sq.ft.

The guideline value for Ramakrishna Nagar E.b.colony 4th 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 ₹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.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 4th Street

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Ramakrishna Nagar E.B.Colony 4th Street guideline value

The current guideline value of Ramakrishna Nagar E.B.Colony 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ramakrishna Nagar E.B.Colony 4th Street has changed

The guideline value for Ramakrishna Nagar E.B.Colony 4th Street has seen a revision from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, marking a change of +10%. The register has no figure for the years 2023, 2017, 2007, 2003, and 2002.

In the 2012 revision, the value was set at Rs 4,000 per sq.ft, which was the only recorded figure prior to the 2024 revision. The absence of figures for the other listed years means that the value remained unchanged during those periods.

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 value is Rs 4,400 per sq.ft, which matches the guideline value of Ramakrishna Nagar E.B.Colony 4th Street.

Stamp duty and registration fee for property in Ramakrishna Nagar E.B.Colony 4th 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% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramakrishna Nagar E.B.Colony 4th Street?

The Sub Registrar Office that covers Ramakrishna Nagar E.B.Colony 4th Street is 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar E.B.Colony 4th Street?

The current guideline value of Ramakrishna Nagar E.B.Colony 4th 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 increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, representing a change of +10%. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002.

What is the classification of Ramakrishna Nagar E.B.Colony 4th Street?

Ramakrishna Nagar E.B.Colony 4th Street is classified as Residential Class II Type - II under the guideline value register.

Where can I find the registration office for this area?

The registration office that covers Ramakrishna Nagar E.B.Colony 4th 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, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.