Guideline Value for MOONLIGHT RAMAPURAM PILLAIYAR KOIL

Moonlight Ramapuram Pillaiyar Koil guideline value

The current guideline value of Moonlight Ramapuram Pillaiyar Koil is Rs 3,850 per sq.ft, effective from 1 July 2024. This location is situated in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Moonlight Ramapuram Pillaiyar Koil has changed

The guideline value for Moonlight Ramapuram Pillaiyar Koil has seen several revisions over the years. In 2002, the value was Rs 280 per sq.ft, which increased to Rs 346 per sq.ft in 2003, marking a 24% rise. The value then jumped significantly to Rs 1,600 per sq.ft in 2007, reflecting a 362% increase. Following this, the value was revised to Rs 3,500 per sq.ft in 2012, which was a 119% increase from the previous figure. However, it then decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%. The value increased again to Rs 3,500 per sq.ft in 2023, and most recently, it has risen to Rs 3,850 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,275%. The register has no figures for any revisions other than those listed above.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, placing the 2024 figure for Moonlight Ramapuram Pillaiyar Koil above the median.

• Moogambigai Street: Rs 3,850 per sq.ft (2024)
• Moogambigai Nagar Road: Rs 3,850 per sq.ft (2024)
• Moovendar Nagar: Rs 2,750 per sq.ft (2024)
• Moogambigai Nagar: Rs 3,850 per sq.ft (2024)
• Moogambigai Nagar 4st Street: Rs 3,850 per sq.ft (2024)
• Moogambigai Nagar 3st Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Moonlight Ramapuram Pillaiyar Koil

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moonlight Ramapuram Pillaiyar Koil?

The Sub Registrar Office that covers Moonlight Ramapuram Pillaiyar Koil is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ramapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are recorded at a value that reflects the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Moonlight Ramapuram Pillaiyar Koil?

The current guideline value of Moonlight Ramapuram Pillaiyar Koil is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 280 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, showing an overall increase of 1,275% over this period.

What are the other streets in Ramapuram with similar guideline values?

Other streets in Ramapuram with a guideline value of Rs 3,850 per sq.ft include Moogambigai Street, Moogambigai Nagar Road, Moogambigai Nagar, Moogambigai Nagar 4st Street, and Moogambigai Nagar 3st Street.

What is the stamp duty rate for properties in Moonlight Ramapuram Pillaiyar Koil?

The stamp duty rate for properties in Moonlight Ramapuram Pillaiyar Koil is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Moonlight Ramapuram Pillaiyar Koil?

The Sub Registrar Office for Moonlight Ramapuram Pillaiyar Koil is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.