Guideline Value

Corporate

Guideline Value for SRI RAMNAGAR EXTN

₹485/sq.ft.

The guideline value for Sri Ramnagar Extn in Vichoor_b 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_b

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 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)

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 Ramnagar Extn

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Sri Ramnagar Extn guideline value

The current guideline value for Sri Ramnagar Extn is Rs 485 per sq.ft, effective from 1 July 2024. This street is located in Vichoor_B village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Ramnagar Extn has changed

The guideline value for Sri Ramnagar Extn has seen significant changes over the years. The 2017 revision set the value at Rs 295 per sq.ft, which increased to Rs 441 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision reflects a further increase of 10%, bringing the value to Rs 485 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. Sri Ramnagar Extn's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Sri Ramnagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 485 per sq.ft, the 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, totaling 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sri Ramnagar Extn?

The Sri Ramnagar Extn is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vichoor_B. It serves as a benchmark for determining the stamp duty and registration fees payable during the buying or selling process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable taxes, ensuring that both parties are aware of their financial obligations. This process helps maintain transparency and fairness in real estate transactions.

Frequently asked questions

What is the current guideline value for Sri Ramnagar Extn?

The current guideline value for 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 increased from Rs 295 per sq.ft in 2017 to Rs 485 per sq.ft in 2024, reflecting an overall increase of 64% 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.

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.

How is stamp duty calculated for properties in Sri Ramnagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 4,85,000, the stamp duty would be Rs 33,950 at 7%.