Guideline Value

Corporate

Guideline Value for SRI RAM NAGAR

₹485/sq.ft.

The guideline value for Sri Ram Nagar in Vichoor village (Thiruvottiyur SRO, Chennai zone) is Rs 485 per sq.ft, effective 1 July 2024. It was Rs 441 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

Vichoor

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹485 /sq.ft.
From 1-4-2023 ₹441 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹295 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹440 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹49 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sri Ram Nagar

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Sri Ram Nagar guideline value

The current guideline value of Sri Ram Nagar, located in Vichoor village under the Thiruvottiyur SRO, is Rs 485 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Ram Nagar has changed

Since the 2002 revision, the guideline value for Sri Ram Nagar has seen significant changes. In 2002, the guideline value was Rs 49 per sq.ft, which increased to Rs 100 per sq.ft in 2007. The value then jumped to Rs 440 per sq.ft in 2012, before decreasing to Rs 295 per sq.ft in 2017. The 2023 revision saw an increase to Rs 441 per sq.ft, and the most recent revision in 2024 set the value at Rs 485 per sq.ft. Notably, there is no figure available for the year 2003 in the register for this street.

Overall, from 2002 to 2024, the guideline value has risen by 890%. The changes between revisions include a 104% increase from 2002 to 2007, a 340% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that have a guideline value for 2024, ranging from Rs 330 to Rs 550 per sq.ft. The guideline value of Sri Ram Nagar is equal to the median value of Rs 485 per sq.ft. Below are other streets in Vichoor with their respective guideline values:

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 485 per sq.ft, the total guideline value would be Rs 4,85,000. The stamp duty at 7% would amount to Rs 33,950, and the registration fee at 2% would be Rs 9,700, bringing the total charges to Rs 43,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Ram Nagar?

Sri Ram Nagar falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Vichoor. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed, and the applicable fees are calculated based on this value or the sale price, whichever is higher. 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 485 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 49 per sq.ft in 2002 to Rs 485 per sq.ft in 2024, reflecting an overall increase of 890% over this period.

What is the land classification for Sri Ram Nagar?

Sri Ram Nagar is classified as Residential Class I Type - I, which indicates the type of development permitted in this area.

Where can I find the registration office for Sri Ram Nagar?

The registration office covering Sri Ram Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated in Vichoor?

Stamp duty and registration fees in Vichoor are calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the correct fees are paid during the registration process.