Guideline Value for AHBI'S RAMANI GARDEN

Ahbi's Ramani Garden guideline value

The current guideline value of Ahbi's Ramani Garden is Rs 3,200 per sq.ft, effective from 1 July 2024. This property is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Ahbi's Ramani Garden has changed

The guideline value for Ahbi's Ramani Garden has seen several revisions over the years. The earliest recorded revision is from 2017, which set the value at Rs 2,010 per sq.ft. This figure increased to Rs 3,005 per sq.ft in the 2023 revision, marking a significant rise of 50%. The most recent revision in 2024 further increased the guideline value to Rs 3,200 per sq.ft, reflecting a change of 6% from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 59%. It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Ahbi's Ramani Garden is above this median.

• Aishwariyam Nagar Phase-II: Rs 4,000 per sq.ft (2024)
• Aiswaryam Nagar: Rs 4,000 per sq.ft (2024)
• Agaram Road: Rs 3,800 per sq.ft (2024)
• Agaram Main Road: Rs 3,800 per sq.ft (2024)
• Adithya Nagar Cross Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar- Anand Avenue Link Road: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ahbi's Ramani Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total cost for these fees to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ahbi's Ramani Garden?

The Sub Registrar Office that covers Ahbi's Ramani Garden is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, which ensures that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Ahbi's Ramani Garden?

The current guideline value of Ahbi's Ramani Garden is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,200 per sq.ft in 2024, marking an overall increase of 59% during this period.

What are the other streets in Madambakkam with their guideline values?

Other streets in Madambakkam include Aishwariyam Nagar Phase-II and Aiswaryam Nagar, both at Rs 4,000 per sq.ft, and Agaram Road and Agaram Main Road at Rs 3,800 per sq.ft, among others.

What fees are associated with purchasing property in Ahbi's Ramani Garden?

When purchasing property in Ahbi's Ramani Garden, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ahbi's Ramani Garden located?

The Sub Registrar Office for Ahbi's Ramani Garden is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.