Guideline Value

Corporate

Guideline Value for SHRI RAM NAGAR 1 TO 4TH STREET

₹2750/sq.ft.

The guideline value for Shri Ram Nagar 1 To 4th Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
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)

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 Ram Nagar 1 To 4th Street

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Shri Ram Nagar 1 To 4th Street guideline value

The current guideline value of Shri Ram Nagar 1 To 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Shri Ram Nagar 1 To 4th Street has changed

The guideline value for Shri Ram Nagar 1 To 4th Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 1,100 per sq.ft. This increased to Rs 2,500 per sq.ft in 2012, marking a significant rise of 127%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. In 2023, the value rose again to Rs 2,500 per sq.ft, before reaching the current value of Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a guideline value for 2024, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, which means that the guideline value for Shri Ram Nagar 1 To 4th Street is below this median.

Stamp duty and registration fee for property in Shri Ram Nagar 1 To 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total Rs 2,47,500. It is important to note that the 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 details.

Which Sub Registrar Office covers Shri Ram Nagar 1 To 4th Street?

The Shri Ram Nagar 1 To 4th Street falls under 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 value at which a property can be registered, ensuring that the government receives the appropriate stamp duty based on this value.

When buyers and sellers negotiate the sale price of a property, the guideline value acts as a reference point. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value, ensuring that the transaction is fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Shri Ram Nagar 1 To 4th Street?

The current guideline value of Shri Ram Nagar 1 To 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 150%. The most recent revision was a 10% increase from Rs 2,500 per sq.ft in 2023.

What is the land classification for Shri Ram Nagar 1 To 4th Street?

Shri Ram Nagar 1 To 4th Street is classified as Residential Class II Type - II.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in the area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

The Chennai South Joint II Sub Registrar Office covers Shri Ram Nagar 1 To 4th Street. More information can be found by using the find your SRO link.