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Guideline Value

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Guideline Value for Ramalinga Nagar Extension, Nandanar Street

₹2750/sq.ft.

The guideline value for Ramalinga Nagar Extension, Nandanar Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
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 Ramalinga Nagar Extension, Nandanar Street

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Ramalinga Nagar Extension, Nandanar Street guideline value

The current guideline value of Ramalinga Nagar Extension, Nandanar Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ramalinga Nagar Extension, Nandanar Street has changed

The guideline value for Ramalinga Nagar Extension, Nandanar Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase from Rs 1,675 per sq.ft in the 2017 revision, marking a change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the guideline value increased significantly. The previous figures in 2017 were Rs 1,675 per sq.ft, and the current value reflects a substantial rise, aligning with the median value of Rs 2,750 per sq.ft for the village.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for this area is Rs 2,750 per sq.ft, which is equal to the 2024 figure for Ramalinga Nagar Extension, Nandanar Street.

Stamp duty and registration fee for property in Ramalinga Nagar Extension, Nandanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramalinga Nagar Extension, Nandanar Street?

The Ramalinga Nagar Extension, Nandanar Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. It is essential to refer to the latest guideline values to make informed decisions during property dealings.

Frequently asked questions

What is the current guideline value for Ramalinga Nagar Extension, Nandanar Street?

The current guideline value for Ramalinga Nagar Extension, Nandanar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, which is a change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for this area?

The land classification for Ramalinga Nagar Extension, Nandanar Street is Residential Class I Type - III.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot valued at Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers this street?

The Velacheri Sub Registrar Office covers Ramalinga Nagar Extension, Nandanar Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.