Guideline Value

Corporate

Guideline Value for THANGAL STREET

₹1950/sq.ft.

The guideline value for Thangal Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1950 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1950 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹304 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹245 /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
044-29510538
[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 Thangal Street

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Thangal Street guideline value

The current guideline value of Thangal Street in Ramapuram village, under the Chennai South Joint II SRO, is Rs 1,950 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - I.

How the guideline value of Thangal Street has changed

The guideline value for Thangal Street has undergone several revisions over the years. In 2002, the value was Rs 245 per sq.ft, which increased to Rs 304 per sq.ft in 2003, marking a 24% rise. The value then saw a significant increase to Rs 900 per sq.ft in 2007, which was a 196% jump. Following this, the value rose to Rs 1,750 per sq.ft in 2012, reflecting a 94% increase from the previous revision. However, in 2017, the value decreased to Rs 1,172 per sq.ft, a decline of 33%. The trend reversed again, as the value climbed to Rs 1,750 per sq.ft in 2023, and finally reached Rs 1,950 per sq.ft in 2024, representing an 11% increase from the previous year.

There are no figures available for the years not mentioned in the revisions for this street. The overall change in the guideline value from 2002 to 2024 is an increase of 696%.

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. Thangal Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Thangal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total fees together to Rs 1,75,500. 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 information.

Which Sub Registrar Office covers Thangal Street?

The Sub Registrar Office that covers Thangal 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Thangal Street?

The current guideline value of Thangal Street is Rs 1,950 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 245 per sq.ft in 2002 to Rs 1,950 per sq.ft in 2024, marking an overall increase of 696%.

What is the median guideline value in Ramapuram?

The median guideline value in Ramapuram is Rs 3,100 per sq.ft for the year 2024.

What are the stamp duty and registration fees for a property on Thangal Street?

For a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500 and the registration fee would be Rs 39,000, totaling Rs 1,75,500.

Where is the Sub Registrar Office for Thangal Street located?

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