Guideline Value

Corporate

Guideline Value for Tamil Nagar 4th Street

₹3550/sq.ft.

The guideline value for Tamil Nagar 4th 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 4th Street

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Tamil Nagar 4th Street guideline value

The current guideline value for Tamil Nagar 4th Street is Rs 3,550 per sq.ft. 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 4th Street has changed

The guideline value for Tamil Nagar 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 2,144 per sq.ft. The 2023 revision increased the value to Rs 3,200 per sq.ft, and the most recent revision in 2024 has raised it to Rs 3,550 per sq.ft, marking an 11% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 Tamil Nagar 4th Street is above this median.

Stamp duty and registration fee for property in Tamil Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value would be Rs 35,50,000. The stamp duty at 7% would amount to 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tamil Nagar 4th Street?

The Tamil Nagar 4th Street falls under 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 in the registration process when buying or selling property in Ramapuram. It serves as the minimum value on which the stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value helps determine the official value of the property, which is essential for legal and financial purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value for Tamil Nagar 4th Street?

The current guideline value for Tamil Nagar 4th 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. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012, showing a significant increase over the years.

What are the other streets in Ramapuram with the same guideline value?

Other streets in Ramapuram, such as Tamil Nagar 1st, 2nd, 3rd, and 5th Streets, as well as Tamil Nagar itself, also have a guideline value of Rs 3,550 per sq.ft as of 2024.

What is the stamp duty and registration fee for property in Tamil Nagar 4th Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total cost would be Rs 3,19,500, which includes both fees.

Where can I find the Sub Registrar Office for Tamil Nagar 4th Street?

The Sub Registrar Office covering Tamil Nagar 4th Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information about your SRO online.