Guideline Value for KADAMBADI AMMAN NAGAR - Ramalingam Street

KADAMBADI AMMAN NAGAR - Ramalingam Street guideline value

The current guideline value for KADAMBADI AMMAN NAGAR - Ramalingam Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of KADAMBADI AMMAN NAGAR - Ramalingam Street has changed

The guideline value for KADAMBADI AMMAN NAGAR - Ramalingam Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This figure increased significantly to Rs 2,250 per sq.ft in 2012, marking a rise of 463%. However, the value then decreased to Rs 1,507 per sq.ft in 2017, reflecting a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 2,250 per sq.ft, which was a notable increase of 49%. The most recent revision in 2024 set the value at Rs 2,500 per sq.ft, resulting in an 11% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 525%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing KADAMBADI AMMAN NAGAR - Ramalingam Street above this median with its current value of Rs 2,500 per sq.ft.

• KADAMBADI AMMAN NAGAR - Kadambadi Naicken Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Rangasamy Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Jothilakshmi Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Gajalakshmi Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Chokalingam Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Ayyappan Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in KADAMBADI AMMAN NAGAR - Ramalingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, while the registration fee at 2% would be Rs 50,000, bringing the total charges to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers KADAMBADI AMMAN NAGAR - Ramalingam Street?

The KADAMBADI AMMAN NAGAR - Ramalingam Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nerkundram. When buying or selling property, this value is used to determine the stamp duty and registration fees applicable, ensuring that both parties are aware of the financial implications of the transaction.

Additionally, the guideline value serves as a benchmark for property valuation during registration, providing a standardized measure that helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for KADAMBADI AMMAN NAGAR - Ramalingam Street?

The current guideline value for KADAMBADI AMMAN NAGAR - Ramalingam Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 525% over this period.

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

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which Sub Registrar Office should I visit for transactions in KADAMBADI AMMAN NAGAR?

The Virugambakkam Sub Registrar Office covers KADAMBADI AMMAN NAGAR - Ramalingam Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Where can I find more information about guideline values in Nerkundram?

You can find more information about guideline values in Nerkundram and other streets by visiting the respective links provided for each street's guideline value.