Guideline Value

Corporate

Guideline Value for Rathnammal Colony

₹4400/sq.ft.

The guideline value for Rathnammal Colony in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 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:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1174 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹658 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹602 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Rathnammal Colony

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Rathnammal Colony guideline value

The current guideline value of Rathnammal Colony is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Rathnammal Colony has changed

The guideline value for Rathnammal Colony has seen several revisions over the years. In the 2002 revision, the value was Rs 602 per sq.ft, which increased to Rs 658 per sq.ft in 2003. The value then rose significantly to Rs 1,174 per sq.ft in 2007. A notable jump occurred in the 2012 revision, where it was Rs 4,000 per sq.ft, but it then dropped to Rs 2,680 per sq.ft in 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 4,400 per sq.ft.

Between the revisions, there were notable changes. From 2002 to 2024, the overall increase in guideline value is 631%. The jump from 2017 to 2023 was 49%, while the 2023 to 2024 revision saw an increase of 10%. The 2007 to 2012 revision recorded a significant rise of 241%, while the value fell by 33% from 2012 to 2017. The increases from 2003 to 2007 and from 2002 to 2003 were 78% and 9%, respectively.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value for Rathnammal Colony.

Stamp duty and registration fee for property in Rathnammal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. 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 further details.

Which Sub Registrar Office covers Rathnammal Colony?

The Sub Registrar Office that covers Rathnammal Colony is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable on the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rathnammal Colony?

The current guideline value of Rathnammal Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 602 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 631% over this period.

What are the registration fees for property in Rathnammal Colony?

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Rathnammal Colony located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value determined for properties in Saligramam?

The guideline value is determined based on various factors and is used as a basis for calculating stamp duty and registration fees for property transactions in Saligramam.