Guideline Value

Corporate

Guideline Value for Sakthi Nagar 3rd Street

₹2750/sq.ft.

The guideline value for Sakthi Nagar 3rd Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sakthi Nagar 3rd Street

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Sakthi Nagar 3rd Street guideline value

The current guideline value of Sakthi Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sakthi Nagar 3rd Street has changed

Over the years, the guideline value of Sakthi Nagar 3rd Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the 2023 revision increased the value to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,750 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

The changes between revisions are significant. From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. The guideline value for Sakthi Nagar 3rd Street is below this median.

Stamp duty and registration fee for property in Sakthi Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value is Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar 3rd Street?

The Sub Registrar Office that covers Sakthi Nagar 3rd Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ramapuram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller adhere to the legal requirements during the transaction process.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the stamp duty will still be calculated based on the guideline value, thereby protecting the revenue interests of the state.

Frequently asked questions

What is the current guideline value of Sakthi Nagar 3rd Street?

The current guideline value of Sakthi Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Sakthi Nagar 3rd Street?

The land classification for Sakthi Nagar 3rd Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Sakthi Nagar 3rd Street?

The Sub Registrar Office for Sakthi Nagar 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Sakthi Nagar 3rd Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property with a guideline value of Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.