Guideline Value

Corporate

Guideline Value for SHRI GANGAIYA AVENUE

₹3100/sq.ft.

The guideline value for Shri Gangaiya Avenue in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹346 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹280 /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 Shri Gangaiya Avenue

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Shri Gangaiya Avenue guideline value

The current guideline value of Shri Gangaiya Avenue is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Shri Gangaiya Avenue has changed

The guideline value for Shri Gangaiya Avenue has seen several revisions over the years. In 2002, the value was Rs 280 per sq.ft, which increased to Rs 346 per sq.ft in 2003. The value then rose significantly to Rs 1,100 per sq.ft in 2007, followed by a further increase to Rs 2,800 per sq.ft in 2012. However, in 2017, the value dropped to Rs 1,876 per sq.ft, before climbing to Rs 2,800 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,100 per sq.ft.

Between these revisions, there have been notable changes. From 2002 to 2024, the overall increase is +1007%. The jump from 2023 to 2024 was +11%, while the increase from 2017 to 2023 was +49%. The period from 2012 to 2017 saw a decline of -33%, and the increase from 2007 to 2012 was +155%. The rise from 2003 to 2007 was +218%, and from 2002 to 2003, it was +24%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value is Rs 3,100 per sq.ft, which is equal to the 2024 figure for Shri Gangaiya Avenue.

Stamp duty and registration fee for property in Shri Gangaiya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, totaling Rs 2,79,000. It is important to note that 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 assistance.

Which Sub Registrar Office covers Shri Gangaiya Avenue?

The Sub Registrar Office that covers Shri Gangaiya Avenue 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 Ramapuram

The guideline value is a crucial factor during the registration of property transactions in Ramapuram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both parties in a transaction to accurately assess their financial obligations.

Frequently asked questions

What is the current guideline value of Shri Gangaiya Avenue?

The current guideline value of Shri Gangaiya Avenue is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 280 per sq.ft in 2002 to Rs 3,100 per sq.ft in 2024, indicating a significant increase over the years.

What is the land classification for Shri Gangaiya Avenue?

The land classification for Shri Gangaiya Avenue is Residential Class II Type - I, which is typical for residential areas in the region.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000.

Where can I find the Sub Registrar Office for Shri Gangaiya Avenue?

The Sub Registrar Office for Shri Gangaiya Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.