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Guideline Value

Corporate

Guideline Value for Ramamoorthy Avenue Main Road

₹6380/sq.ft.

The guideline value for Ramamoorthy Avenue Main Road in Porur village (Kunrathur SRO, Chennai zone) is Rs 6380 per sq.ft, effective 1 July 2024. It was Rs 5800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6380 /sq.ft.
From 1-4-2023 ₹5800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3886 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5800 /sq.ft.
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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Ramamoorthy Avenue Main Road

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Ramamoorthy Avenue Main Road guideline value

The current guideline value of Ramamoorthy Avenue Main Road is Rs 6,380 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ramamoorthy Avenue Main Road has changed

The guideline value for Ramamoorthy Avenue Main Road has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 5,800 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it was Rs 3,886 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 5,800 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 6,380 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Ramamoorthy Avenue Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Ramamoorthy Avenue Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value would be Rs 63,80,000. The stamp duty at 7% would amount to Rs 4,46,600, and the registration fee at 2% would be Rs 1,27,600, bringing the total fees to Rs 5,74,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramamoorthy Avenue Main Road?

The Sub Registrar Office that covers Ramamoorthy Avenue Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Porur

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This helps in avoiding any discrepancies during the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ramamoorthy Avenue Main Road?

The current guideline value of Ramamoorthy Avenue Main Road is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,800 per sq.ft in 2012 to Rs 3,886 per sq.ft in 2017, then back to Rs 5,800 per sq.ft in 2023, and finally to Rs 6,380 per sq.ft in 2024.

What is the land classification for Ramamoorthy Avenue Main Road?

The land classification for Ramamoorthy Avenue Main Road is Commercial Class I Type - I.

Where can I find the registration office for this area?

The registration office for Ramamoorthy Avenue Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 63,80,000, the stamp duty would be Rs 4,46,600 at 7%.