Guideline Value

Corporate

Guideline Value for SHRI RAM NAGAR MAIN ROAD

₹2750/sq.ft.

The guideline value for Shri Ram Nagar Main Road 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 ₹1400 /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 Main Road

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Shri Ram Nagar Main Road guideline value

The current guideline value of Shri Ram Nagar Main Road, located in Ramapuram village, is Rs 2,750 per sq.ft. This value is effective from 1 July 2024 and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Shri Ram Nagar Main Road has changed

Over the years, the guideline value of Shri Ram Nagar Main Road has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, reflecting a 10% rise. Prior to that, the value was Rs 1,675 per sq.ft in 2017, marking a significant increase of 49% from the previous revision in 2023. The value in 2012 was Rs 2,500 per sq.ft, which was a decrease of 33% from Rs 1,400 per sq.ft in 2007. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 96%. The fluctuations over the years highlight the changes in property valuation in this area, with the current value being the highest recorded for Shri Ram Nagar Main Road.

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 value for these streets is Rs 3,100 per sq.ft, which means that the guideline value of Shri Ram Nagar Main Road is below the median for the area.

Stamp duty and registration fee for property in Shri Ram Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to 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, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Shri Ram Nagar Main Road?

The Shri Ram Nagar Main Road 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 serves as a benchmark for property transactions in Ramapuram. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

During the registration process, the guideline value is essential for calculating the costs associated with property transfer. Buyers should be informed that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the total expenses incurred during the transaction.

Frequently asked questions

What is the current guideline value of Shri Ram Nagar Main Road?

The current guideline value of Shri Ram Nagar Main Road 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 1,400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 96% over the years.

What is the land classification for Shri Ram Nagar Main Road?

The land classification for Shri Ram Nagar Main Road is Residential Class II Type - II.

Where can I find the registration office for Shri Ram Nagar Main Road?

The registration office for Shri Ram Nagar 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.

How is stamp duty calculated for properties in Ramapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.