Guideline Value

Corporate

Guideline Value for SHRI V.P. RAMAPANDIA RAJI AVENUE

₹9900/sq.ft.

The guideline value for Shri V.p. Ramapandia Raji Avenue in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1293 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1169 /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
044-29510536
[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 V.p. Ramapandia Raji Avenue

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Shri V.P. Ramapandia Raji Avenue guideline value

The current guideline value of Shri V.P. Ramapandia Raji Avenue is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Shri V.P. Ramapandia Raji Avenue has changed

The guideline value for Shri V.P. Ramapandia Raji Avenue has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 1,169 per sq.ft. This increased to Rs 1,293 per sq.ft in 2003, marking an 11% rise. In 2007, the value jumped significantly to Rs 1,800 per sq.ft, which is a 39% increase from the previous revision. The value then rose dramatically to Rs 9,000 per sq.ft in 2012, reflecting a 400% increase. However, it decreased to Rs 6,030 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 9,000 per sq.ft in 2023, followed by a further increase to Rs 9,900 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 747%. There are no figures available for the revisions in the years that do not have a recorded value for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, which is equal to the guideline value of Shri V.P. Ramapandia Raji Avenue.

Stamp duty and registration fee for property in Shri V.P. Ramapandia Raji Avenue

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. 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 V.P. Ramapandia Raji Avenue?

The Sub Registrar Office that covers Shri V.P. Ramapandia Raji Avenue is the Chennai South Joint I 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 Thiruvanmiyur

When buying or selling property in Thiruvanmiyur, the guideline value is a critical factor during the registration process. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the current market standards set by the government.

Buyers and sellers should be aware that the guideline value is updated periodically, and it is essential to check the most recent figures before proceeding with any transactions. This ensures compliance with the legal requirements and accurate budgeting for the associated costs.

Frequently asked questions

What is the current guideline value of Shri V.P. Ramapandia Raji Avenue?

The current guideline value of Shri V.P. Ramapandia Raji Avenue is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,169 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 747% across various revisions.

What is the land classification for Shri V.P. Ramapandia Raji Avenue?

The land classification for Shri V.P. Ramapandia Raji Avenue is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 at a rate of 7%.