Guideline Value

Corporate

Guideline Value for SRI RAMNAGAR EXTN

₹485/sq.ft.

The guideline value for Sri Ramnagar Extn 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]

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Sri Ramnagar Extn guideline value

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

How the guideline value of Sri Ramnagar Extn has changed

The guideline value for Sri Ramnagar Extn has undergone several revisions. Starting from Rs 49 per sq.ft in 2002, it increased significantly to Rs 100 per sq.ft in 2007. Following this, the value saw a substantial rise to Rs 440 per sq.ft in 2012, before decreasing to Rs 295 per sq.ft in 2017. The next revision in 2023 saw the value rise to Rs 441 per sq.ft, and the most recent revision in 2024 established the current guideline value at Rs 485 per sq.ft.

Notably, there is no figure available for the year 2003 for this street. The changes between the revisions are as follows: from 2002 to 2007, the increase was +104%; from 2007 to 2012, it decreased by -33%; from 2012 to 2017, the value dropped by -33%; from 2017 to 2023, it increased by +49%; and finally, from 2023 to 2024, the increase was +10%. Overall, from 2002 to 2024, the guideline value has risen by +890%.

Guideline values in Vichoor

In Vichoor, there are 45 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, which is the same as the current value for Sri Ramnagar Extn.

Stamp duty and registration fee for property in Sri Ramnagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 485 per sq.ft, the total guideline value amounts to Rs 4,85,000. The stamp duty at 7% would be Rs 33,950, and the registration fee at 2% would be Rs 9,700, bringing the total cost for these fees to Rs 43,650. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ramnagar Extn?

The Sub Registrar Office that covers Sri Ramnagar Extn is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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 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 is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Ramnagar Extn?

The current guideline value of Sri Ramnagar Extn 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 Ramnagar Extn?

Sri Ramnagar Extn is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Sri Ramnagar Extn?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 43,650.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more information by visiting the relevant link.