Guideline Value

Corporate

Guideline Value for SRI RAM Nagar

₹1083/sq.ft.

The guideline value for Sri Ram Nagar in Vellerithangal village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1083 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vellerithangal

Village

Gooduvancheri

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1083 /sq.ft.
From 1-4-2023 ₹1083 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹725 /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.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[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 is Rs 1,083 per sq.ft, effective from 1 July 2024. This street is located in Vellerithangal village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of SRI RAM Nagar has changed

The guideline value for SRI RAM Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 1,083 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 725 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in the years 2012, 2007, 2003, and 2002 for this street. Thus, the only available figures are from 2017, 2023, and 2024.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing SRI RAM Nagar's value above this median.

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 1,083 per sq.ft, the total guideline value amounts to Rs 10,83,000. The stamp duty at 7% would be Rs 75,810, and the registration fee at 2% would be Rs 21,660, leading to a total of Rs 97,470. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SRI RAM Nagar?

SRI RAM Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Vellerithangal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When buying or selling property, it is crucial to be aware of the guideline value as it directly impacts the financial obligations involved in the transaction. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of SRI RAM Nagar?

The current guideline value of SRI RAM Nagar is Rs 1,083 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 725 per sq.ft to Rs 1,083 per sq.ft in 2024, which is a 49% increase. The value remained the same from 2023 to 2024.

What is the registration office for SRI RAM Nagar?

The Gooduvancheri Sub Registrar Office covers SRI RAM Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in SRI RAM Nagar?

Stamp duty in SRI RAM Nagar is calculated at a rate of 7% on the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

What are the guideline values of other streets in Vellerithangal?

Other streets in Vellerithangal have varying guideline values ranging from Rs 250 to Rs 1,400 per sq.ft. For example, Sri Saibaba Nagar has a guideline value of Rs 300 per sq.ft, while Sri Krishna Mohana Nagar Phase III is valued at Rs 903 per sq.ft.