Guideline Value

Corporate

Guideline Value for Ramasamy Road

₹8800/sq.ft.

The guideline value for Ramasamy Road in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Commercial Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3060 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1107 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1000 /sq.ft.
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 Road

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Ramasamy Road guideline value

The current guideline value of Ramasamy Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Virugambakkam village and falls under the Virugambakkam SRO. The land classification for this area is Commercial Special Type - II.

How the guideline value of Ramasamy Road has changed

The guideline value for Ramasamy Road has seen several revisions over the years. The earliest recorded value was Rs 1,000 per sq.ft in 2002. This increased to Rs 1,107 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 3,060 per sq.ft in 2007, which was a 176% increase. In 2012, the value was recorded at Rs 8,000 per sq.ft, reflecting a 161% increase from the previous revision. However, it decreased by 33% to Rs 5,360 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49% to Rs 8,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 8,800 per sq.ft, which is a 10% increase from the previous year. There are no figures available for the revisions in years other than those listed.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value among these streets is Rs 4,400 per sq.ft, positioning Ramasamy Road's 2024 guideline value above this median.

Stamp duty and registration fee for property in Ramasamy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. 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.

Which Sub Registrar Office covers Ramasamy Road?

The Sub Registrar Office that covers Ramasamy Road is 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 Virugambakkam

The guideline value is a crucial factor when registering property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

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

Frequently asked questions

What is the current guideline value of Ramasamy Road?

The current guideline value of Ramasamy Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 780% over this period.

What is the land classification for Ramasamy Road?

The land classification for Ramasamy Road is Commercial Special Type - II.

Where can I find the registration office for Ramasamy Road?

The registration office for Ramasamy Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties on Ramasamy Road?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 at a rate of 7%.