Guideline Value for Ramesh Nagar Main Road
₹1320/sq.ft.
The guideline value for Ramesh Nagar Main Road 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]
Records for a plot on Ramesh Nagar Main Road
- 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 Main Road guideline value
The current guideline value of Ramesh Nagar Main Road 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 Main Road has changed
The guideline value for Ramesh Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 804 per sq.ft. This was followed by a significant increase to Rs 1,200 per sq.ft in 2023, and the current value is Rs 1,320 per sq.ft as of the 2024 revision.
From 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Pulikoradu
In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, making the current guideline value of Ramesh Nagar Main Road above the median.
- Ramesh Nagar Ext: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar 3rd street: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar 2nd street: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar 1st street: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar: 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 Main Road
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 cost for these fees to Rs 1,18,800. Note that the duty is charged on the higher of the guideline value or the sale price.
You can use the stamp duty and registration fee calculator for more detailed calculations.
Which Sub Registrar Office covers Ramesh Nagar Main Road?
The Sub Registrar Office that covers Ramesh Nagar Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.
To find your specific SRO, you can visit find your SRO.
How the guideline value is used when you buy or sell in Pulikoradu
The guideline value plays a crucial role during the registration of property transactions in Pulikoradu. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.
When a property is registered, the guideline value is referenced to ensure that the appropriate taxes are collected based on the value of the property being transacted. This ensures transparency and compliance with local regulations.
Frequently asked questions
What is the current guideline value of Ramesh Nagar Main Road?
The current guideline value of Ramesh Nagar Main Road 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, and then increased to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft.
What is the median guideline value in Pulikoradu?
The median guideline value in Pulikoradu is Rs 880 per sq.ft, while Ramesh Nagar Main Road's value is above this median.
What are the stamp duty rates for property transactions?
The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.
Where can I find more information about the Sub Registrar Office?
The Tambaram Joint 1 Sub Registrar Office covers Ramesh Nagar Main Road, and you can find more information by visiting the link to find your SRO.
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