Guideline Value for Compounder Ramasamy Street

Compounder Ramasamy Street guideline value

The current guideline value of Compounder Ramasamy Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Compounder Ramasamy Street has changed

Since the 2012 revision, the guideline value for Compounder Ramasamy Street has seen various changes. The 2012 revision set the value at Rs 3,700 per sq.ft, which then decreased to Rs 2,479 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,700 per sq.ft in the 2023 revision, and then rose again to the current value of Rs 4,000 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From the 2012 to 2017 revision, there was a decrease of 33%. However, from the 2017 to 2023 revision, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value for Compounder Ramasamy Street is above this median.

• D.10.Road (Poompughar Nagar): Rs 3,600 per sq.ft (2024)
• Damodaran street: Rs 3,600 per sq.ft (2024)
• Cholapuram 7th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 6th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 5th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 4th Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Compounder Ramasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total amount to Rs 3,60,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Compounder Ramasamy Street?

The Sub Registrar Office that covers Compounder Ramasamy Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Compounder Ramasamy Street?

The current guideline value of Compounder Ramasamy Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and is now Rs 4,000 per sq.ft in 2024. The register has no figure for this street for the years 2002, 2003, and 2007.

What is the land classification of Compounder Ramasamy Street?

Compounder Ramasamy Street is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 3,60,000.

Where is the Sub Registrar Office for Compounder Ramasamy Street?

The Sub Registrar Office for Compounder Ramasamy Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.