Guideline Value

Corporate

Guideline Value for Ramasamy nagar Main Road

₹3520/sq.ft.

The guideline value for Ramasamy Nagar Main Road in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /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 Ramasamy Nagar Main Road

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Ramasamy nagar Main Road guideline value

The current guideline value of Ramasamy nagar Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Ramasamy nagar Main Road has changed

Over the years, the guideline value of Ramasamy nagar Main Road has seen several revisions. The 2012 revision recorded a value of Rs 3,200 per sq.ft, which decreased to Rs 2,144 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for Ramasamy nagar Main Road is below this median.

Stamp duty and registration fee for property in Ramasamy nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, the total cost for stamp duty and registration fee would be Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramasamy nagar Main Road?

The Sub Registrar Office that covers Ramasamy nagar 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 is a crucial factor when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value is used to calculate the applicable duties and fees. It is essential for both parties in a transaction to understand the guideline value to ensure compliance with local regulations and to avoid any unexpected costs.

Frequently asked questions

What is the current guideline value of Ramasamy nagar Main Road?

The current guideline value of Ramasamy nagar Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Ramasamy nagar Main Road?

Ramasamy nagar Main Road is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Ramasamy nagar Main Road?

The Sub Registrar Office for Ramasamy nagar 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 property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 2,46,400.