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Guideline Value

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Guideline Value for Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony

₹2750/sq.ft.

The guideline value for Ramalinga Nagar, Sivasubramaniam Street, C.l.m.bank Staff Colony 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, Sivasubramaniam Street, C.l.m.bank Staff Colony

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Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony guideline value

The current guideline value for Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class I Type - III.

How the guideline value of Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony has changed

The guideline value for this street has seen significant changes over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. In the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, reflecting a change of +64% from the previous figure.

It is important to note that the register has no figure for this street in the years 2023, 2012, 2007, 2003, and 2002. Thus, the only revisions available for this street are from 2017 and 2024.

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 guideline value is Rs 2,750 per sq.ft, which is equal to the current guideline value for Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony.

Stamp duty and registration fee for property in Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the 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. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property.

Which Sub Registrar Office covers Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony?

The Sub Registrar Office covering Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony 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 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 determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the land classification for this area?

Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony is classified as Residential Class I Type - III.

What is the stamp duty for property transactions in this area?

The stamp duty for property transactions in this area is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ramalinga Nagar?

The Velacheri Sub Registrar Office covers Ramalinga Nagar, Sivasubramaniam Street, C.L.M.Bank Staff Colony, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.