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Guideline Value

Corporate

Guideline Value for Ramalingam Nagar 1st Cross Street

₹2750/sq.ft.

The guideline value for Ramalingam Nagar 1st Cross 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 Ramalingam Nagar 1st Cross Street

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Ramalingam Nagar 1st Cross Street guideline value

The current guideline value of Ramalingam Nagar 1st Cross 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 is classified as Residential Class I Type - III.

How the guideline value of Ramalingam Nagar 1st Cross Street has changed

The guideline value for Ramalingam Nagar 1st Cross Street has seen significant changes over the years. 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, marking a change of +64% from the previous figure.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 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 in this village is Rs 2,750 per sq.ft, which is equal to the current value of Ramalingam Nagar 1st Cross Street.

Stamp duty and registration fee for property in Ramalingam Nagar 1st Cross 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, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Ramalingam Nagar 1st Cross Street?

The Sub Registrar Office that covers Ramalingam Nagar 1st Cross 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 plays a crucial role during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value, thus protecting the interests of both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramalingam Nagar 1st Cross Street?

The current guideline value of Ramalingam Nagar 1st Cross Street 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, representing a change of +64%.

What is the land classification of Ramalingam Nagar 1st Cross Street?

Ramalingam Nagar 1st Cross Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Ramalingam Nagar 1st Cross Street?

The Velacheri Sub Registrar Office, which covers Ramalingam Nagar 1st Cross Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Ramalingam Nagar 1st Cross Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000.