Guideline Value

Corporate

Guideline Value for Ramya Nagar Extension II

₹3960/sq.ft.

The guideline value for Ramya Nagar Extension Ii in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Ramya Nagar Extension Ii

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Ramya Nagar Extension II guideline value

The current guideline value of Ramya Nagar Extension II is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Madanandapuram village, which falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Ramya Nagar Extension II has changed

The guideline value for Ramya Nagar Extension II has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,600 per sq.ft in 2023, and then to Rs 3,960 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. The guideline value then rose by 10% from 2023 to 2024. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Madanandapuram

Madanandapuram village has 94 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value for these streets is Rs 3,520 per sq.ft, making the current value of Ramya Nagar Extension II above this median.

Stamp duty and registration fee for property in Ramya Nagar Extension II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. It is important to 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 details.

Which Sub Registrar Office covers Ramya Nagar Extension II?

The Sub Registrar Office that covers Ramya Nagar Extension II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Madanandapuram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ramya Nagar Extension II?

The current guideline value of Ramya Nagar Extension II is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then increased to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Ramya Nagar Extension II?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 39,60,000. The stamp duty is Rs 2,77,200, and the registration fee is Rs 79,200, totaling Rs 3,56,400.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Ramya Nagar Extension II, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Ramya Nagar Extension II?

The land classification for Ramya Nagar Extension II is Residential Special Type - I, which indicates the intended use of the land in this area.