Guideline Value

Corporate

Guideline Value for SHRI THIRUPATHI NAGAR

₹2750/sq.ft.

The guideline value for Shri Thirupathi Nagar 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 ₹304 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹245 /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 Thirupathi Nagar

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Shri Thirupathi Nagar guideline value

The current guideline value of Shri Thirupathi Nagar 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 Thirupathi Nagar has changed

The guideline value for Shri Thirupathi Nagar has seen significant changes over the years. Starting from Rs 245 per sq.ft in 2002, the value increased to Rs 304 per sq.ft in 2003, marking a 24% rise. By 2007, the value further escalated to Rs 1,100 per sq.ft, reflecting a substantial 262% increase. The value then decreased to Rs 2,500 per sq.ft in 2012, a drop of 33%. In 2017, it increased to Rs 1,675 per sq.ft, showing a 49% rise. The value remained at Rs 2,500 per sq.ft in 2023 before reaching the current figure of Rs 2,750 per sq.ft in 2024, which is a 10% increase.

It is important to note that there are no figures available for the revisions in certain years for this street. The overall change from 2002 to 2024 stands at an impressive 1,022% increase.

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 value for these streets is Rs 3,100 per sq.ft, placing Shri Thirupathi Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Shri Thirupathi Nagar

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, bringing the total fees together to 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shri Thirupathi Nagar?

Shri Thirupathi Nagar 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 stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is aligned with the established values in the area.

Frequently asked questions

What is the current guideline value of Shri Thirupathi Nagar?

The current guideline value of Shri Thirupathi Nagar 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 increased from Rs 245 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,022% over this period.

What is the land classification for Shri Thirupathi Nagar?

Shri Thirupathi Nagar is classified as Residential Class II Type - II.

What is the median guideline value in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft, with Shri Thirupathi Nagar's 2024 figure being below this median.

Where can I find the Sub Registrar Office for Shri Thirupathi Nagar?

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