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Guideline Value

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Guideline Value for Ravi Colony 51st Main Road

₹4400/sq.ft.

The guideline value for Ravi Colony 51st Main Road in Parangimalai village (Chennai South Joint Ii 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 I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class I Type - II
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 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹474 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹357 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Ravi Colony 51st Main Road

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Ravi Colony 51st Main Road guideline value

The current guideline value of Ravi Colony 51st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Parangimalai village and falls under the Chennai South Joint II SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Ravi Colony 51st Main Road has changed

The guideline value for Ravi Colony 51st Main Road has seen significant changes over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 357 per sq.ft. This increased to Rs 474 per sq.ft in 2003, marking a 33% rise. In 2007, the value jumped to Rs 1,100 per sq.ft, reflecting a substantial increase of 132%. The 2012 revision saw the value at Rs 4,000 per sq.ft, which was a 264% increase from the previous revision. However, this figure dropped by 33% to Rs 2,680 per sq.ft in 2017. The most recent revisions show a rise to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1132%. The register has no figures for the years not mentioned in the provided data.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median guideline value for this area is Rs 3,850 per sq.ft, which means that the guideline value for Ravi Colony 51st Main Road is above the median.

Stamp duty and registration fee for property in Ravi Colony 51st Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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 a total of Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ravi Colony 51st Main Road?

The Sub Registrar Office that covers Ravi Colony 51st Main Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Parangimalai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Ravi Colony 51st Main Road?

The current guideline value of Ravi Colony 51st Main Road 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 changed significantly from Rs 357 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1132% over this period.

What are the other streets in Parangimalai with the same guideline value?

Other streets in Parangimalai with the same guideline value of Rs 4,400 per sq.ft include Ravi Colony 4th Street, Ravi Colony 54th Main Road, Ravi Colony 3rd Street, Ravi Colony 5th Street, Ravi Colony 2nd Street, and Ravi Colony 1st Street.

What is the registration fee for properties in Ravi Colony 51st Main Road?

The registration fee for properties is calculated based on the guideline value. For example, for a property valued at Rs 44,00,000, the registration fee would be Rs 88,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Ravi Colony 51st Main Road?

The Sub Registrar Office for Ravi Colony 51st Main Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.