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Guideline Value

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Guideline Value for Ramesh Nagar 2nd street

₹1320/sq.ft.

The guideline value for Ramesh Nagar 2nd 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.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ramesh Nagar 2nd Street

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Ramesh Nagar 2nd street guideline value

The current guideline value of Ramesh Nagar 2nd street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ramesh Nagar 2nd street has changed

Looking at the revisions over the years, the guideline value for Ramesh Nagar 2nd street has seen several changes. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, and in the latest 2024 revision, it has risen to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Between the 2012 and 2017 revisions, there was a decrease of 33%. The overall change from the 2012 revision to the 2024 revision shows a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Pulikoradu

In Pulikoradu, 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 is Rs 880 per sq.ft, which means Ramesh Nagar 2nd street's 2024 figure is above that median.

Stamp duty and registration fee for property in Ramesh Nagar 2nd street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ramesh Nagar 2nd street?

The Sub Registrar Office that covers Ramesh Nagar 2nd street 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 is a crucial factor when registering property transactions in Pulikoradu. It serves as a reference point for determining the stamp duty and registration fees, ensuring that the fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the financial obligations associated with the transaction. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramesh Nagar 2nd street?

The current guideline value of Ramesh Nagar 2nd 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 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 2nd street?

The land classification for Ramesh Nagar 2nd street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Ramesh Nagar 2nd street?

The Sub Registrar Office for Ramesh Nagar 2nd street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for property in Ramesh Nagar 2nd street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000, leading to a stamp duty of Rs 92,400.