Guideline Value

Corporate

Guideline Value for Tamil Nagar 5th Street

₹3550/sq.ft.

The guideline value for Tamil Nagar 5th 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 5th Street

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Tamil Nagar 5th Street guideline value

The current guideline value of Tamil Nagar 5th 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 5th Street has changed

Over the years, the guideline value of Tamil Nagar 5th Street has seen several revisions. The 2012 revision recorded a guideline value of Rs 3,200 per sq.ft. This figure was then reduced to Rs 2,144 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value increased significantly to Rs 3,200 per sq.ft in the 2023 revision, and further rose to Rs 3,550 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for Tamil Nagar 5th Street. The overall change from the 2012 revision to the 2024 revision is an increase of 11%.

Guideline values in Ramapuram

In Ramapuram, there are a total of 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, with values 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 5th Street above this median at Rs 3,550 per sq.ft.

Stamp duty and registration fee for property in Tamil Nagar 5th 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 fees together to 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tamil Nagar 5th Street?

The Sub Registrar Office that covers Tamil Nagar 5th 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, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when buying or selling property in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately, reflecting the true value of the property.

Frequently asked questions

What is the current guideline value of Tamil Nagar 5th Street?

The current guideline value of Tamil Nagar 5th 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 2012 to Rs 2,144 per sq.ft in 2017, then to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,550 per sq.ft in 2024.

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

Other streets in Ramapuram with the same guideline value of Rs 3,550 per sq.ft include Tamil Nagar 4th Street, Tamil Nagar 3rd Street, Tamil Nagar 2nd Street, Tamil Nagar 1st Street, and Tamil Nagar.

What is the registration fee for property in Tamil Nagar 5th Street?

The registration fee for property in Tamil Nagar 5th Street is calculated based on the guideline value. For a property valued at Rs 35,50,000, the registration fee at 2% would be Rs 71,000.

Which office handles the registration for Tamil Nagar 5th Street?

The registration for Tamil Nagar 5th Street is handled by 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.