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Guideline Value

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Guideline Value for Ramalinga Nagar Extension, Shankarados Street

₹2750/sq.ft.

The guideline value for Ramalinga Nagar Extension, Shankarados 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, Shankarados Street

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Ramalinga Nagar Extension, Shankarados Street guideline value

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

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

In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. This figure remained unchanged until the 2024 revision, which saw an increase of 64%, bringing the current guideline value to Rs 2,750 per sq.ft. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 to 2024 revision, the significant increase reflects changes in the valuation of the property. The current value of Rs 2,750 per sq.ft aligns with the median value of Rs 2,750 per sq.ft for the village, indicating that this street's value is consistent with the overall market in Madipakkam-1.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for the village is Rs 2,750 per sq.ft, which is the same as the current guideline value for Ramalinga Nagar Extension, Shankarados Street.

Stamp duty and registration fee for property in Ramalinga Nagar Extension, Shankarados 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, making the total cost for these fees Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Ramalinga Nagar Extension, Shankarados 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 Madipakkam-1

The guideline value is a critical factor in property transactions, as it serves as the basis for calculating stamp duty and registration fees. When buying or selling property in Madipakkam-1, the guideline value helps determine the legal value of the property for registration purposes.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately budget for additional costs associated with property transactions. Understanding the guideline value also aids in making informed decisions during the buying or selling process.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, reflecting a change of 64%.

What is the land classification for Ramalinga Nagar Extension, Shankarados Street?

Ramalinga Nagar Extension, Shankarados Street is classified as Residential Class I Type - III.

How does the guideline value in Madipakkam-1 compare to other streets?

The guideline value in Madipakkam-1 ranges from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Ramalinga Nagar Extension, Shankarados Street's guideline value matches this median.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in the area.