Guideline Value

Corporate

Guideline Value for Vivegananda Nagar Main Road

₹3100/sq.ft.

The guideline value for Vivegananda Nagar Main Road in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /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 Vivegananda Nagar Main Road

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Vivegananda Nagar Main Road guideline value

The current guideline value of Vivegananda Nagar Main Road is Rs 3,100 per sq.ft, effective from 1 July 2024. This road is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vivegananda Nagar Main Road has changed

The guideline value for Vivegananda Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,800 per sq.ft, which decreased to Rs 1,876 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,800 per sq.ft, and the latest 2024 revision has raised it to Rs 3,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Notably, the change from 2023 to 2024 reflects an increase of 11%, while the jump from 2017 to 2023 shows a significant rise of 49%. The overall change from 2012 to 2024 indicates a modest increase of 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 value is Rs 3,100 per sq.ft, which matches the guideline value of Vivegananda Nagar Main Road.

Stamp duty and registration fee for property in Vivegananda Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value is Rs 31,00,000. The stamp duty at 7% amounts to Rs 2,17,000, and the registration fee at 2% is Rs 62,000, making the total fees Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vivegananda Nagar Main Road?

The Vivegananda Nagar Main Road is covered 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. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in compliance with the local regulations.

When buying or selling property, the guideline value will influence the stamp duty and registration fees, which are calculated based on this value. Thus, understanding the guideline value is essential for both buyers and sellers in Ramapuram.

Frequently asked questions

What is the current guideline value of Vivegananda Nagar Main Road?

The current guideline value of Vivegananda Nagar Main Road is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then back to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Vivegananda Nagar Main Road?

For a property valued at Rs 31,00,000, the stamp duty is Rs 2,17,000 and the registration fee is Rs 62,000, totaling Rs 2,79,000.

Which office handles registrations for Vivegananda Nagar Main Road?

The registrations for Vivegananda Nagar Main Road are 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.

What is the range of guideline values for streets in Ramapuram?

The guideline values for streets in Ramapuram range from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft.