Guideline Value for NEW RAMANUJAR NAGAR

New Ramanujar Nagar guideline value

The current guideline value of New Ramanujar Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is part of Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of New Ramanujar Nagar has changed

The guideline value for New Ramanujar Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 1,800 per sq.ft, marking a 50% increase from the 2017 figure. Notably, there are no figures available for this street in the revisions of 2002, 2003, 2007, or 2012.

From 2017 to 2023, there was a 50% increase, but from 2023 to 2024, the guideline value remained stable with a change of +0%. Overall, from 2017 to 2024, the guideline value increased by 50%.

Guideline values in Sriperumbudur A

In the village of Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, and New Ramanujar Nagar's 2024 figure is above this median.

• N.G.O. colony: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IIIrd Street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IInd street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Ist street: Rs 1,200 per sq.ft (2024)
• N.G.O Colony IV th street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Main Salai: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in New Ramanujar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, while the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers New Ramanujar Nagar?

The Sub Registrar Office that covers New Ramanujar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sriperumbudur A. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties in a transaction are aware of the official value assigned to the property.

When registering a property, the guideline value helps in determining the legal obligations and costs associated with the transaction. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of New Ramanujar Nagar?

The current guideline value of New Ramanujar Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2024, marking a 50% increase overall. The value remained unchanged from 2023 to 2024.

What are the guideline values of other streets in Sriperumbudur A?

Other streets in Sriperumbudur A have guideline values ranging from Rs 1,200 per sq.ft. For instance, N.G.O. colony and its various streets all share this value in 2024.

What fees are associated with buying property in New Ramanujar Nagar?

When purchasing property in New Ramanujar Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for New Ramanujar Nagar?

The Sub Registrar Office for New Ramanujar Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.