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Guideline Value

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Guideline Value for Thirumalai Nagar 1 to 6 Street

₹3550/sq.ft.

The guideline value for Thirumalai Nagar 1 To 6 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 Thirumalai Nagar 1 To 6 Street

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Thirumalai Nagar 1 to 6 Street guideline value

The current guideline value for Thirumalai Nagar 1 to 6 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 Thirumalai Nagar 1 to 6 Street has changed

The guideline value for Thirumalai Nagar 1 to 6 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 Rs 2,144 per sq.ft established in the 2017 revision. The value remained at Rs 3,200 per sq.ft in 2012, and then increased by 49% to Rs 3,200 per sq.ft in 2023. The most recent revision in 2024 saw an increase of 11%, bringing the guideline value to Rs 3,550 per sq.ft.

It is important to note that there are no registered figures for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

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 Thirumalai Nagar 1 to 6 Street above this median value.

Stamp duty and registration fee for property in Thirumalai Nagar 1 to 6 Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 35,50,000. The stamp duty at 7% amounts to Rs 2,48,500, while the registration fee at 2% totals Rs 71,000. Together, these fees amount to Rs 3,19,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar 1 to 6 Street?

The Sub Registrar Office that covers Thirumalai Nagar 1 to 6 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. 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 basis for calculating stamp duty and registration fees, which are mandatory charges during the property registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. Buyers and sellers must be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 1 to 6 Street?

The current guideline value of Thirumalai Nagar 1 to 6 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 several times, with the most recent increase of 11% from Rs 3,200 per sq.ft in 2023 to Rs 3,550 per sq.ft in 2024. The value also saw a significant increase of 49% from 2017 to 2023.

What is the land classification for Thirumalai Nagar 1 to 6 Street?

The land classification for Thirumalai Nagar 1 to 6 Street is Residential Class I Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thirumalai Nagar 1 to 6 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 Thirumalai Nagar 1 to 6 Street?

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