Guideline Value for SRI RAM NAGAR
₹1201/sq.ft.
The guideline value for Sri Ram Nagar in Madambakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1201 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 0% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Madambakkam
Village
Gooduvancheri
SRO
Residential Special Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1201 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| 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)
Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Sri Ram Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Gooduvancheri sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Ram Nagar guideline value
The current guideline value of Sri Ram Nagar, located in Madambakkam village under the Gooduvancheri SRO, is Rs 1,201 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.
How the guideline value of Sri Ram Nagar has changed
The guideline value for Sri Ram Nagar has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. In the latest 2024 revision, the value remains unchanged at Rs 1,201 per sq.ft, reflecting a 49% increase from the 2017 figure to the 2024 figure.
From 2023 to 2024, there was no change in the guideline value, maintaining the rate at Rs 1,201 per sq.ft. Overall, from 2017 to 2024, the value has increased by 49%.
Guideline values in Madambakkam
In Madambakkam, there are 110 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,200 per sq.ft, and the guideline value for Sri Ram Nagar is above this median.
- SRI Ramanar Nagar: Rs 1,201 per sq.ft (2024)
- Sri Ragavendra Nagar Extn-II to VIII: Rs 1,200 per sq.ft (2024)
- Sri Ragavendra Nagar: Rs 1,200 per sq.ft (2024)
- Sri Sai Nagar: Rs 1,200 per sq.ft (2024)
- Srinivasa Nagar Extn: Rs 1,200 per sq.ft (2024)
- Srinivasa Nagar: Rs 1,200 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Ram Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 1,201 per sq.ft, the total guideline value would be Rs 12,01,000. The stamp duty at 7% would amount to Rs 84,070, and the registration fee at 2% would be Rs 24,020, bringing the total cost to Rs 1,08,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.
For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sri Ram Nagar?
The Sub Registrar Office that covers Sri Ram Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.
How the guideline value is used when you buy or sell in Madambakkam
The guideline value is a crucial factor during property registration in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.
When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.
Frequently asked questions
What is the current guideline value of Sri Ram Nagar?
The current guideline value of Sri Ram Nagar is Rs 1,201 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,201 per sq.ft in 2024, marking a 49% increase overall. The value remained unchanged from 2023 to 2024.
What is the land classification of Sri Ram Nagar?
Sri Ram Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.
Where is the Gooduvancheri Sub Registrar Office located?
The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.
How is stamp duty calculated for properties in Sri Ram Nagar?
Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 12,01,000 would incur a stamp duty of Rs 84,070 at a rate of 7%.
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