Guideline Value

Corporate

Guideline Value for Ramakrishna Nagar Extn Main Road

₹3960/sq.ft.

The guideline value for Ramakrishna Nagar Extn Main Road 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 Extn Main Road

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Ramakrishna Nagar Extn Main Road guideline value

The current guideline value of Ramakrishna Nagar Extn Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This road is located in Porur village under the Kunrathur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Ramakrishna Nagar Extn Main Road has changed

Over the years, the guideline value of Ramakrishna Nagar Extn Main Road has seen several revisions. The 2012 revision set the value at Rs 3,600 per sq.ft, which was followed by a decrease to Rs 2,412 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 3,600 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 3,960 per sq.ft, marking a 10% rise from the previous year’s figure of Rs 3,600 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, which is equal to the current guideline value for Ramakrishna Nagar Extn Main Road.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fee would be 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramakrishna Nagar Extn Main Road?

The Sub Registrar Office that covers Ramakrishna Nagar Extn Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential factor during property transactions in Porur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This helps in ensuring compliance with legal requirements and avoiding any potential disputes during the registration process.

Frequently asked questions

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

The current guideline value of Ramakrishna Nagar Extn Main Road 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 was Rs 2,412 per sq.ft in 2017, which was a 49% increase from the previous figure of Rs 3,600 per sq.ft in 2012.

What is the land classification for Ramakrishna Nagar Extn Main Road?

Ramakrishna Nagar Extn Main Road falls under the Residential Special Type - I land classification. This classification is important for understanding the zoning regulations and permissible uses of the land.

What is the role of the Kunrathur SRO?

The Kunrathur SRO is responsible for handling property registrations in the area, including the processing of documents and collection of fees. It ensures that all transactions comply with the legal requirements set by the government.

How is stamp duty calculated on property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. In the case of Ramakrishna Nagar Extn Main Road, the current guideline value is Rs 3,960 per sq.ft, which will be used to calculate the stamp duty for transactions involving this property.