Guideline Value

Corporate

Guideline Value for RamakrishnaExtension

₹4400/sq.ft.

The guideline value for Ramakrishnaextension 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 Ramakrishnaextension

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RamakrishnaExtension guideline value

The current guideline value of RamakrishnaExtension 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 street is Residential Class I Type - II.

How the guideline value of RamakrishnaExtension has changed

Over the years, the guideline value of RamakrishnaExtension has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the 2024 revision brought the value back up to Rs 4,400 per sq.ft, marking a significant increase of 64% from 2017 to 2024. 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 2023, 2007, 2003, and 2002 for this street. The 2012 to 2017 period saw a decrease of 33% in the guideline value, highlighting the fluctuations in property values over time.

Guideline values in Valasaravakkam

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

Stamp duty and registration fee for property in RamakrishnaExtension

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 fees 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 more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RamakrishnaExtension?

The Sub Registrar Office covering RamakrishnaExtension 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps both buyers and sellers understand the official worth of the property according to government records. This ensures transparency and adherence to legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of RamakrishnaExtension?

The current guideline value of RamakrishnaExtension 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. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What are the guideline values of other streets in Valasaravakkam?

Other streets in Valasaravakkam have guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. RamakrishnaExtension's value is above this median.

What fees are associated with property transactions in RamakrishnaExtension?

For property transactions in RamakrishnaExtension, the stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for RamakrishnaExtension?

The Virugambakkam Sub Registrar Office covers RamakrishnaExtension and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find more details about this office online.