Guideline Value for Eda Ramasamy Street

Eda Ramasamy Street guideline value

The current guideline value of Eda Ramasamy Street is Rs 4,900 per sq.ft. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Eda Ramasamy Street has changed

The guideline value for Eda Ramasamy Street has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 1,200 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 275% rise. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a 33% drop. The value then rose again to Rs 4,500 per sq.ft in 2023, a 49% increase from the previous revision. As of the latest revision in 2024, the guideline value stands at Rs 4,900 per sq.ft, which is a 9% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Eda Ramasamy Street. Overall, from 2007 to 2024, the guideline value has increased by 308%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which matches the current value for Eda Ramasamy Street.

• Elumalai Naicken Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Naicker Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Mudali Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Iyer Street: Rs 4,900 per sq.ft (2024)
• Dr.Radhakrishnan Nagar: Rs 4,400 per sq.ft (2024)
• Dr.Ambedkar Telugu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Eda Ramasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty is charged at 7%, which totals Rs 3,43,000, while the registration fee at 2% amounts to Rs 98,000. Therefore, the total cost for stamp duty and registration fees together is Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eda Ramasamy Street?

The Sub Registrar Office that covers Eda Ramasamy Street is the AnnaNagar 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 Ayanavaram

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Eda Ramasamy Street?

The current guideline value of Eda Ramasamy Street is Rs 4,900 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 308% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current value for Eda Ramasamy Street.

What are the stamp duty rates for property in Eda Ramasamy Street?

The stamp duty for property transactions in Eda Ramasamy Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office do I need to visit for property registration in Eda Ramasamy Street?

The AnnaNagar Sub Registrar Office is responsible for property registration in Eda Ramasamy Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.