Guideline Value for Loyer Salai Road (Ramapuram)

Loyer Salai Road (Ramapuram) guideline value

The current guideline value of Loyer Salai Road (Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Loyer Salai Road (Ramapuram) has changed

The guideline value for Loyer Salai Road (Ramapuram) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,300 per sq.ft. This was followed by a decrease in 2017 to Rs 2,211 per sq.ft, marking a reduction of 33%. In 2023, the guideline value increased to Rs 3,300 per sq.ft, and in the most recent revision in 2024, it rose again to Rs 3,600 per sq.ft, reflecting a 9% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a modest increase of 9%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Ambattur

In Ambattur, 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. The median guideline value for these streets is Rs 3,600 per sq.ft, which aligns with the current value of Loyer Salai Road (Ramapuram).

• Loganathan Street: Rs 4,600 per sq.ft (2024)
• L.I.C Colony: Rs 4,000 per sq.ft (2024)
• Lal bagadur Street: Rs 3,600 per sq.ft (2024)
• Maga Kavi Bharathi nagar: Rs 2,200 per sq.ft (2024)
• Mahaveer Garden: Rs 5,100 per sq.ft (2024)
• Lakshmanapuram: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Loyer Salai Road (Ramapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, making the total charges Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Loyer Salai Road (Ramapuram)?

The Sub Registrar Office that covers Loyer Salai Road (Ramapuram) 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 in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with government regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Loyer Salai Road (Ramapuram)?

The current guideline value of Loyer Salai Road (Ramapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, representing a 9% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Loyer Salai Road (Ramapuram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for properties here?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 36,00,000, the total charges would amount to Rs 3,24,000.

What is the land classification of Loyer Salai Road (Ramapuram)?

Loyer Salai Road (Ramapuram) is classified as Residential Class I Type - I, indicating its suitability for residential development.