Guideline Value

Corporate

Guideline Value for Tamil Nagar 3rd Street

₹3550/sq.ft.

The guideline value for Tamil Nagar 3rd 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 3rd Street

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Tamil Nagar 3rd Street guideline value

The current guideline value of Tamil Nagar 3rd Street is Rs 3,550 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 I Type - II.

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

Over the years, the guideline value of Tamil Nagar 3rd Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 3,550 per sq.ft, an increase from Rs 3,200 per sq.ft in 2023, which represents an 11% rise. Prior to that, the guideline value was Rs 2,144 per sq.ft in 2017, marking a substantial increase of 49% from that year to 2023. The 2012 revision recorded a value of 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%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The last known value before 2012 was not recorded in the register.

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, placing Tamil Nagar 3rd Street's 2024 value above this median.

Stamp duty and registration fee for property in Tamil Nagar 3rd 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 at 7% would be Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, bringing the total to Rs 3,19,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tamil Nagar 3rd Street?

The Sub Registrar Office that covers Tamil 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 plays a crucial role in property transactions in Ramapuram. It serves as a benchmark for determining the minimum price at which properties can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

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

The current guideline value of Tamil Nagar 3rd 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 2,144 per sq.ft in 2017 to Rs 3,200 per sq.ft in 2023, and then to Rs 3,550 per sq.ft in 2024. This reflects increases of 49% from 2017 to 2023 and 11% from 2023 to 2024.

What is the median guideline value in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft, with Tamil Nagar 3rd Street's 2024 value being above this median.

What are the stamp duty rates for properties in Tamil Nagar 3rd Street?

The stamp duty for properties is charged at 7% of the guideline value or 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.

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

The Sub Registrar Office for Tamil 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.