Guideline Value for Ramesh Nagar 1st street
₹1320/sq.ft.
The guideline value for Ramesh Nagar 1st Street in Pulikoradu village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 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:
Chengalpattu
Zone
Pulikoradu
Village
Tambaram Joint 1
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1320 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1200 /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.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.
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[email protected], [email protected]
Records for a plot on Ramesh Nagar 1st Street
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Ramesh Nagar 1st street guideline value
The current guideline value of Ramesh Nagar 1st street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - I.
How the guideline value of Ramesh Nagar 1st street has changed
The guideline value for Ramesh Nagar 1st street has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the next revision in 2017, where it dropped to Rs 804 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 1,200 per sq.ft, reflecting a 49% rise from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, which is 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 Ramesh Nagar 1st street. Overall, from 2012 to 2024, the guideline value has increased by 10%.
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 guideline value in this area is Rs 880 per sq.ft, making the 2024 figure for Ramesh Nagar 1st street above that median.
- Ramesh Nagar: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar 2nd street: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar 3rd street: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar Ext: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar Main Road: Rs 1,320 per sq.ft (2024)
- Ramathilagam Nagar: Rs 880 per sq.ft (2024)
Stamp duty and registration fee for property in Ramesh Nagar 1st street
For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Ramesh Nagar 1st street?
The Sub Registrar Office that covers Ramesh Nagar 1st street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, within 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 in the registration process when buying or selling property in Pulikoradu. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the transaction.
When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.
Frequently asked questions
What is the current guideline value of Ramesh Nagar 1st street?
The current guideline value of Ramesh Nagar 1st street is Rs 1,320 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.
What is the land classification for Ramesh Nagar 1st street?
Ramesh Nagar 1st street is classified as Residential Class II Type - I according to the local land classification regulations.
What are the stamp duty and registration fees for properties in this area?
The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.
Where can I find the Sub Registrar Office for Ramesh Nagar 1st street?
The Tambaram Joint 1 Sub Registrar Office covers Ramesh Nagar 1st street and is located at No.26, Mes Road, East Tambaram, Chennai-600059.
Ask the records, or walk the map.
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