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Guideline Value

Corporate

Guideline Value for Ramathilagam Street(Santhosh nagar)

₹1100/sq.ft.

The guideline value for Ramathilagam Street(santhosh Nagar) in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Ramathilagam Street(santhosh Nagar)

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Ramathilagam Street(Santhosh nagar) guideline value

The current guideline value of Ramathilagam Street(Santhosh nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Ramathilagam Street(Santhosh nagar) has changed

The guideline value for Ramathilagam Street(Santhosh nagar) has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The substantial increase from 2007 to 2012 was 150%. Overall, from 2007 to 2024, the guideline value has risen by 175%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Ramathilagam Street(Santhosh nagar) below this median.

Stamp duty and registration fee for property in Ramathilagam Street(Santhosh nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Street(Santhosh nagar)?

The Sub Registrar Office covering Ramathilagam Street(Santhosh nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value helps ensure transparency and fairness in property transactions. It is crucial for both buyers and sellers to be aware of the current guideline values in their respective areas, including Ayappakkam, to make informed decisions.

Frequently asked questions

What is the current guideline value of Ramathilagam Street(Santhosh nagar)?

The current guideline value of Ramathilagam Street(Santhosh nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 175% over this period.

What are the other streets in Ayappakkam with their guideline values?

Other streets in Ayappakkam include Royal Star at Rs 3,300 per sq.ft, Royal Star Phase II, III, and IV at Rs 3,433 per sq.ft, and RuckmaniAmmal Street(Santhosh nagar) and R..V. Kamalammal Street at Rs 1,100 per sq.ft.

Where can I find the Sub Registrar Office for Ramathilagam Street(Santhosh nagar)?

The Sub Registrar Office for Ramathilagam Street(Santhosh nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.