Guideline Value

Corporate

Guideline Value for SHRI VATHSAN STREET

₹2750/sq.ft.

The guideline value for Shri Vathsan 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 Vathsan Street

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Shri Vathsan Street guideline value

The current guideline value of Shri Vathsan 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, classified as Residential Class II Type - II.

How the guideline value of Shri Vathsan Street has changed

The guideline value for Shri Vathsan Street has seen several revisions over the years. In 2007, the value was set at Rs 1,100 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a significant rise of 127%. However, in 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The subsequent revision in 2023 brought the value up to Rs 2,500 per sq.ft, and the latest revision in 2024 has set it at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Shri Vathsan Street in the revisions for the years 2002 and 2003. 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 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, placing Shri Vathsan Street's 2024 figure below that median.

Stamp duty and registration fee for property in Shri Vathsan Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, would amount to 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 duty is charged on the higher of the guideline value or the sale price.

For further information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shri Vathsan Street?

The Sub Registrar Office that covers Shri Vathsan Street 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, Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ramapuram

The guideline value is a crucial factor in the registration process 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 appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for both parties involved in the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Shri Vathsan Street?

The current guideline value of Shri Vathsan 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 significantly, starting from Rs 1,100 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 150%.

What are the other streets in Ramapuram with the same guideline value?

Other streets in Ramapuram with the same guideline value of Rs 2,750 per sq.ft include Shri Thirupathi Nagar, Shri Ram Nagar Main Road, Shri Ram Nagar / Avenue, Shri Ram Nagar 1 To 4th Street, and Singaram Street.

What is the registration fee for property in Shri Vathsan Street?

The registration fee for property in Shri Vathsan Street is calculated at 2% of the guideline value. For a property valued at Rs 27,50,000, the registration fee would be Rs 55,000.

How is stamp duty calculated for property transactions?

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