Guideline Value for RAM AVENUE

Ram Avenue guideline value

The current guideline value of Ram Avenue in Mangalam village, under the Thirukazhukundram SRO, is Rs 402 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class I Type - V.

How the guideline value of Ram Avenue has changed

The guideline value for Ram Avenue has remained consistent over the years. The register shows that from the 2017 revision to the 2023 revision, the guideline value was Rs 402 per sq.ft, and this figure has not changed. Similarly, the 2024 revision also lists the guideline value as Rs 402 per sq.ft, indicating no increase from the previous years.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has been stable at Rs 402 per sq.ft since 2017.

Guideline values in Mangalam

In Mangalam, there are 15 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 350 to Rs 1,300 per sq.ft. The median value among these streets is Rs 575 per sq.ft, positioning Ram Avenue's 2024 figure below that median.

• Singhvi Emerald: Rs 1,000 per sq.ft (2024)
• Sri Ragavendra Avenue: Rs 402 per sq.ft (2024)
• Sri Sai Ganesh Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Ganesh Nagar Phase II: Rs 600 per sq.ft (2024)
• Sri Sai Vignesh Nagar: Rs 801 per sq.ft (2024)
• Metro Mount City - II: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value would be Rs 4,02,000. The stamp duty at 7% would amount to Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total cost for these fees to Rs 36,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ram Avenue?

The Sub Registrar Office that covers Ram Avenue is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during property transactions in Mangalam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When you register a property, the guideline value serves as a baseline for calculating these fees, ensuring that the transaction is documented accurately in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of Ram Avenue?

The current guideline value of Ram Avenue is Rs 402 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ram Avenue has remained unchanged at Rs 402 per sq.ft since the 2017 revision. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Ram Avenue?

Ram Avenue is classified as Residential Class I Type - V, which indicates its designation for residential purposes within the local planning framework.

What are the stamp duty and registration fees for property in Ram Avenue?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 402 per sq.ft, the total fees would amount to Rs 36,180.

Where can I find the Sub Registrar Office for Ram Avenue?

The Sub Registrar Office for Ram Avenue is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more details online.