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Guideline Value

Corporate

Guideline Value for Ramalinga Nagar/Kuppusamy Street

₹2750/sq.ft.

The guideline value for Ramalinga Nagar/kuppusamy 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/kuppusamy Street

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Ramalinga Nagar/Kuppusamy Street guideline value

The current guideline value of Ramalinga Nagar/Kuppusamy 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 and falls under the Residential Class I Type - III land classification.

How the guideline value of Ramalinga Nagar/Kuppusamy Street has changed

In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. With the 2024 revision, it increased to Rs 2,750 per sq.ft, reflecting a significant change of +64%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

The 2024 guideline value of Rs 2,750 per sq.ft is now aligned with the median value of Rs 2,750 per sq.ft for the 1823 streets in Madipakkam-1 under the Velacheri SRO, which range from Rs 1,650 to Rs 5,500 per sq.ft.

Guideline values in Madipakkam-1

The guideline values in Madipakkam-1 reflect a wide range, with the current figures for various streets showing a median of Rs 2,750 per sq.ft. Here are some other streets in Madipakkam-1:

Stamp duty and registration fee for property in Ramalinga Nagar/Kuppusamy Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees would total 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramalinga Nagar/Kuppusamy Street?

The Sub Registrar Office that covers Ramalinga Nagar/Kuppusamy Street 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 an essential factor in the registration process of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ramalinga Nagar/Kuppusamy Street?

The current guideline value of Ramalinga Nagar/Kuppusamy Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

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

What is the land classification for Ramalinga Nagar/Kuppusamy Street?

Ramalinga Nagar/Kuppusamy Street falls under the Residential Class I Type - III land classification.

Which Sub Registrar Office is responsible for Ramalinga Nagar/Kuppusamy Street?

The Velacheri Sub Registrar Office is responsible for Ramalinga Nagar/Kuppusamy Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Madipakkam-1?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property with a guideline value of Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%.