Guideline Value

Corporate

Guideline Value for Ravi Colony 4th Street

₹4400/sq.ft.

The guideline value for Ravi Colony 4th Street 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 4th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ravi Colony 4th Street guideline value

The current guideline value of Ravi Colony 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village under the Chennai South Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Ravi Colony 4th Street has changed

The guideline value for Ravi Colony 4th Street has undergone several revisions over the years. The earliest recorded value was Rs 357 per sq.ft in 2002. This increased to Rs 474 per sq.ft in 2003, marking a change of +33%. The value continued to rise significantly, reaching Rs 1,100 per sq.ft in 2007, which represented a substantial increase of +132%. Following this, the guideline value jumped to Rs 4,000 per sq.ft in 2012, an increase of +264% from the previous revision. However, it saw a decrease to Rs 2,680 per sq.ft in 2017, which was a decline of -33%.

From 2017 to 2023, the value increased to Rs 4,000 per sq.ft, reflecting a change of +49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a +10% increase from the 2023 figure. There are no recorded figures for revisions in years not mentioned in this article.

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 these streets is Rs 3,850 per sq.ft, placing the 2024 figure for Ravi Colony 4th Street above this median.

Stamp duty and registration fee for property in Ravi Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be 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 more details.

Which Sub Registrar Office covers Ravi Colony 4th Street?

The Sub Registrar Office that covers Ravi Colony 4th Street 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 information.

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

The guideline value is a crucial aspect when buying or selling property in Parangimalai. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand the costs associated with registration.

When a property is sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, reflecting the current market conditions as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Ravi Colony 4th Street?

The current guideline value of Ravi Colony 4th Street 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 from Rs 357 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +1132% over the years.

What is the land classification for Ravi Colony 4th Street?

Ravi Colony 4th Street is classified as Residential Class I Type - II under the Chennai South Joint II SRO.

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

Other streets in Parangimalai that share the same guideline value of Rs 4,400 per sq.ft in 2024 include Ravi Colony 1st Street, 2nd Street, 3rd Street, 5th Street, 51st Main Road, and 54th Main Road.

Where can I find the Sub Registrar Office for Ravi Colony 4th Street?

The Sub Registrar Office for Ravi Colony 4th Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.