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Guideline Value

Corporate

Guideline Value for Ramasamy Nagar - Kushaldas Road

₹4400/sq.ft.

The guideline value for Ramasamy Nagar - Kushaldas Road in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Ramasamy Nagar - Kushaldas Road

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Ramasamy Nagar - Kushaldas Road guideline value

The current guideline value of Ramasamy Nagar - Kushaldas Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ramasamy Nagar - Kushaldas Road has changed

The guideline value for Ramasamy Nagar - Kushaldas Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 264% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and further increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 300%. The revisions for the years 2002 and 2003 do not have any figures listed for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO with a 2024 guideline value range from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the guideline value of Ramasamy Nagar - Kushaldas Road.

Stamp duty and registration fee for property in Ramasamy Nagar - Kushaldas Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramasamy Nagar - Kushaldas Road?

The Ramasamy Nagar - Kushaldas Road falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Saligramam. It serves as a benchmark for determining the value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded at a fair value, reflecting the current market conditions as per the registration department's guidelines. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Ramasamy Nagar - Kushaldas Road?

The current guideline value of Ramasamy Nagar - Kushaldas Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 300% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Ramasamy Nagar - Kushaldas Road?

The Virugambakkam Sub Registrar Office handles property registrations for Ramasamy Nagar - Kushaldas Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the value of a property for calculating stamp duty and registration fees. It ensures that property transactions are recorded at a fair value in accordance with the registration department's guidelines.