Guideline Value for Muthuraman Street (Ram Nagar)

Muthuraman Street (Ram Nagar) guideline value

The current guideline value of Muthuraman Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Muthuraman Street (Ram Nagar) has changed

The guideline value for Muthuraman Street (Ram Nagar) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase from Rs 2,200 per sq.ft in 2023, representing a change of +9%. Prior to that, in 2017, the value was Rs 1,474 per sq.ft, marking a significant increase of +49% over the six-year period. The 2012 revision had the value at Rs 2,200 per sq.ft, which was a decrease of -33% from the 2017 figure.

There are no recorded figures for Muthuraman Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by +9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Muthuraman Street (Ram Nagar) above this median.

• Muthuvalli Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• MuthuMariamman Koil Street (A.K.A. Nagar): Rs 1,400 per sq.ft (2024)
• Muthumariamman Koil Street: Rs 1,400 per sq.ft (2024)
• Muthukumaran Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Muthu Kumaran Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Nagammai Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Muthuraman Street (Ram Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more precise calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthuraman Street (Ram Nagar)?

The Sub Registrar Office that covers Muthuraman Street (Ram Nagar) is the Ambattur Sub Registrar Office. The address is 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 Oragadam

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements. The guideline value serves as a benchmark to prevent undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of Muthuraman Street (Ram Nagar)?

The current guideline value of Muthuraman Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, a +9% increase. It was Rs 1,474 per sq.ft in 2017, which means it increased by +49% to reach the 2023 figure.

What is the land classification for Muthuraman Street (Ram Nagar)?

Muthuraman Street (Ram Nagar) is classified as Residential Special Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Muthuraman Street (Ram Nagar)?

The Sub Registrar Office for Muthuraman Street (Ram Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Muthuraman Street (Ram Nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,400 per sq.ft, the stamp duty would be Rs 1,68,000.