Guideline Value

Corporate

Guideline Value for Ramathilagam Nagar

₹880/sq.ft.

The guideline value for Ramathilagam Nagar in Pulikoradu village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pulikoradu

Village

Tambaram Joint 1

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ramathilagam Nagar

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Ramathilagam Nagar guideline value

The current guideline value of Ramathilagam Nagar, located in Pulikoradu village under the Tambaram Joint 1 SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of Ramathilagam Nagar has changed

The guideline value for Ramathilagam Nagar has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft. This figure increased significantly to Rs 600 per sq.ft in 2012, marking a 200% rise. The next revision in 2023 saw the value increase to Rs 800 per sq.ft, representing a 33% increase from the previous revision. The most recent revision in 2024 brought the guideline value to Rs 880 per sq.ft, which is a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is equal to the 2024 figure for Ramathilagam Nagar.

Stamp duty and registration fee for property in Ramathilagam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 Ramathilagam Nagar?

The Sub Registrar Office that covers Ramathilagam Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26,mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Pulikoradu. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, it is essential to reference the current guideline value to ensure compliance with local regulations. This value can impact the overall costs associated with the transaction, making it a key factor for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Ramathilagam Nagar?

The current guideline value of Ramathilagam Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting a total increase of 340% over the years.

What are the stamp duty and registration fees for properties in Ramathilagam Nagar?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office serves Ramathilagam Nagar?

The Tambaram Joint 1 Sub Registrar Office serves Ramathilagam Nagar, located at No.26,mes Road, East Tambaram, Chennai-600059.

What other streets have guideline values in Pulikoradu?

Other streets in Pulikoradu include Ramesh Nagar and its various extensions, all of which have a guideline value of Rs 1,320 per sq.ft in 2024.