Guideline Value for Dr. Ramasamy Salai

Dr. Ramasamy Salai guideline value

The current guideline value of Dr. Ramasamy Salai is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, classified as Mixed Type - II land.

How the guideline value of Dr. Ramasamy Salai has changed

The guideline value for Dr. Ramasamy Salai has seen several revisions over the years. In 2007, the value was Rs 2,580 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012, marking a rise of 171%. However, it decreased to Rs 4,690 per sq.ft in 2017, a decline of 33%. The value then rose sharply to Rs 7,000 per sq.ft in 2023, before reaching the current value of Rs 7,700 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 198%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Dr. Ramasamy Salai's 2024 figure above this median.

• Dr. Ramasamy Mudhaliyar Salai: Rs 7,700 per sq.ft (2024)
• Dr. Rajamannar Salai: Rs 8,800 per sq.ft (2024)
• Dr. Radhakrishnan Street (JPT): Rs 4,100 per sq.ft (2024)
• Dr. Subbarayan Nagar 1st Main Street: Rs 7,000 per sq.ft (2024)
• Dr. Subbarayan Nagar 2nd Street: Rs 7,000 per sq.ft (2024)
• Dr. Subbarayan Nagar 3rd Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Ramasamy Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, resulting in a total of Rs 6,93,000. Please note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ramasamy Salai?

The Sub Registrar Office that covers Dr. Ramasamy Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an important figure used during the registration of property transactions in Kodambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. This ensures transparency and helps in avoiding undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of Dr. Ramasamy Salai?

The current guideline value of Dr. Ramasamy Salai is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,580 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 198% over the years.

What is the land classification of Dr. Ramasamy Salai?

Dr. Ramasamy Salai is classified as Mixed Type - II land.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Where is the Sub Registrar Office for Dr. Ramasamy Salai located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.