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Guideline Value

Corporate

Guideline Value for Ramesh Nagar 3rd street

₹1320/sq.ft.

The guideline value for Ramesh Nagar 3rd 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 3rd Street

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Ramesh Nagar 3rd street guideline value

The current guideline value for Ramesh Nagar 3rd 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, classified as Residential Class II Type - I.

How the guideline value of Ramesh Nagar 3rd street has changed

The guideline value for Ramesh Nagar 3rd street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was later reduced to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 1,200 per sq.ft again. The latest revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

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

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 for these streets is Rs 880 per sq.ft, placing Ramesh Nagar 3rd street's 2024 figure above that median.

Stamp duty and registration fee for property in Ramesh Nagar 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total 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, bringing the total fees together to Rs 1,18,800. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramesh Nagar 3rd street?

The Sub Registrar Office that covers Ramesh Nagar 3rd 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 plays a critical role during the registration of property transactions in Pulikoradu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects a value that aligns with the official guideline set by the authorities.

Frequently asked questions

What is the current guideline value for Ramesh Nagar 3rd street?

The current guideline value for Ramesh Nagar 3rd 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 increased 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 3rd street?

Ramesh Nagar 3rd street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Ramesh Nagar 3rd street?

The Sub Registrar Office for Ramesh Nagar 3rd street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Pulikoradu?

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 guideline value of Rs 1,320 per sq.ft would incur a stamp duty of Rs 92,400.