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Guideline Value

Corporate

Guideline Value for TEACHER RAMACHANDRAN NAGAR 2ND STREET

₹4400/sq.ft.

The guideline value for Teacher Ramachandran Nagar 2nd Street in Saidapet village (Chennai South Joint I SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹893 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹776 /sq.ft.
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
044-29510536
[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 Teacher Ramachandran Nagar 2nd Street

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Teacher Ramachandran Nagar 2nd Street guideline value

The current guideline value for Teacher Ramachandran Nagar 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Teacher Ramachandran Nagar 2nd Street has changed

The guideline value for Teacher Ramachandran Nagar 2nd Street has seen several changes over the years. In 2002, the guideline value was Rs 776 per sq.ft. It increased to Rs 893 per sq.ft in 2003, marking a 15% rise. The value continued to increase significantly, reaching Rs 1,300 per sq.ft in 2007, an increase of 46%. By 2012, the value was Rs 4,000 per sq.ft, which represented a remarkable 208% increase from the previous revision.

In 2017, the guideline value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. However, it rebounded to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 467%.

Guideline values in Saidapet

In Saidapet, there are 52 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making the current value of Teacher Ramachandran Nagar 2nd Street above that median.

Stamp duty and registration fee for property in Teacher Ramachandran Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that the 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 Teacher Ramachandran Nagar 2nd Street?

The Teacher Ramachandran Nagar 2nd Street falls under the Chennai South Joint I 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 Saidapet

The guideline value is a crucial factor during property registration in Saidapet. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. Buyers should be aware that the stamp duty is charged 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 Teacher Ramachandran Nagar 2nd Street?

The current guideline value of Teacher Ramachandran Nagar 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 776 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 467% over the years.

What is the land classification for Teacher Ramachandran Nagar 2nd Street?

The land classification for Teacher Ramachandran Nagar 2nd Street is Residential Class II Type - I.

What is the registration office for this street?

The registration office for Teacher Ramachandran Nagar 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.