Guideline Value

Corporate

Guideline Value for Ramar Koil Street

₹840/sq.ft.

The guideline value for Ramar Koil Street in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Ramar Koil Street

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Ramar Koil Street guideline value

The current guideline value of Ramar Koil Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Ramar Koil Street has changed

The guideline value for Ramar Koil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 840 per sq.ft, marking a 5% increase from Rs 800 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 737 per sq.ft, indicating a 9% increase from that year to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 14%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO carrying a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Ramar Koil Street's 2024 value above this median.

Stamp duty and registration fee for property in Ramar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, while the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. It is important to note that the 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 more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Ramar Koil Street?

The Sub Registrar Office that covers Ramar Koil Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that the 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 Ramar Koil Street?

The current guideline value of Ramar Koil Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. This represents an overall increase of 14% from 2017 to 2024.

What is the median guideline value for streets in Thiruninravur-A?

The median guideline value for streets in Thiruninravur-A is Rs 750 per sq.ft, with Ramar Koil Street's current value being above this median.

What are the stamp duty rates applicable in Ramar Koil Street?

The stamp duty rate applicable in Ramar Koil Street is 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2% of the guideline value or sale price.

Where can I find the Sub Registrar Office for Ramar Koil Street?

The Sub Registrar Office for Ramar Koil Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.