Guideline Value

Corporate

Guideline Value for Tamil Nagar 1st Street

₹3550/sq.ft.

The guideline value for Tamil Nagar 1st Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3550 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3550 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /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 Tamil Nagar 1st Street

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Tamil Nagar 1st Street guideline value

The current guideline value of Tamil Nagar 1st Street is Rs 3,550 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Tamil Nagar 1st Street has changed

Since its last revision, the guideline value for Tamil Nagar 1st Street has seen significant changes. The 2024 revision sets the value at Rs 3,550 per sq.ft, an increase from Rs 3,200 per sq.ft in 2023, marking an 11% rise. Prior to this, the 2017 revision recorded a value of Rs 2,144 per sq.ft, which reflects a substantial increase of 49% to 2023. The 2012 revision had the value at Rs 3,200 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 11%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Tamil Nagar 1st Street. The absence of these figures means that the changes in guideline values for those years remain unknown.

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. The median guideline value for these streets is Rs 3,100 per sq.ft, positioning Tamil Nagar 1st Street above this median at Rs 3,550 per sq.ft.

Stamp duty and registration fee for property in Tamil Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value amounts to Rs 35,50,000. The stamp duty, charged at 7%, would be Rs 2,48,500, while the registration fee at 2% would total Rs 71,000. Together, the total cost for stamp duty and registration fees would be Rs 3,19,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tamil Nagar 1st Street?

The Sub Registrar Office that covers Tamil Nagar 1st 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial component in the property registration process in Ramapuram. 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 helps both parties understand the value of the property in the eyes of the law. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Tamil Nagar 1st Street?

The current guideline value of Tamil Nagar 1st Street is Rs 3,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,550 per sq.ft in 2024, reflecting an 11% increase. The value was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification of Tamil Nagar 1st Street?

Tamil Nagar 1st Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Tamil Nagar 1st Street?

The registration office for Tamil Nagar 1st 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.

How is the stamp duty calculated for properties in Tamil Nagar 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 35,50,000 would incur a stamp duty of Rs 2,48,500.