Guideline Value for A.R.S.RAMACHANDRA NAGAR

A.R.S.Ramachandra Nagar guideline value

The current guideline value of A.R.S.Ramachandra Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kalpakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of A.R.S.Ramachandra Nagar has changed

The guideline value for A.R.S.Ramachandra Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Following this, the 2023 revision brought it back to Rs 100 per sq.ft, and the 2024 revision maintained this rate, showing no change from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a guideline value for 2024, all at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. A.R.S.Ramachandra Nagar's 2024 figure matches this median.

• Imayam Nagar: Rs 100 per sq.ft (2024)
• Iswariam Nagar: Rs 100 per sq.ft (2024)
• Jay Nagar Ext: Rs 100 per sq.ft (2024)
• Kalpakkam Garden: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 100 per sq.ft (2024)
• Leelavathy Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in A.R.S.Ramachandra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.R.S.Ramachandra Nagar?

The A.R.S.Ramachandra Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, visit find your SRO.

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

The guideline value is a crucial reference point during property registration in Kalpakkam. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. Ensuring that you have the latest information on the guideline value can help in budgeting for these expenses effectively.

Frequently asked questions

What is the current guideline value of A.R.S.Ramachandra Nagar?

The current guideline value of A.R.S.Ramachandra Nagar is Rs 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 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. Overall, there has been no change from 2012 to 2024.

What is the land classification for A.R.S.Ramachandra Nagar?

A.R.S.Ramachandra Nagar is classified as Residential Class II Type - I. This classification is important for determining the appropriate guideline value and usage of the land.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. It is the office responsible for property registrations in this area.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.