Guideline Value for RAM NAGAR 4TH STREET

Ram Nagar 4th Street guideline value

The current guideline value of Ram Nagar 4th Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Ram Nagar 4th Street has changed

The guideline value of Ram Nagar 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase, with the value rising to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,625 per sq.ft, marking an 8% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which is the same as the current value for Ram Nagar 4th Street.

• Ram Nagar 5th Street: Rs 1,625 per sq.ft (2024)
• Ram Nagar 3rd Street: Rs 1,625 per sq.ft (2024)
• Ram Nagar 2nd Street: Rs 1,625 per sq.ft (2024)
• Ram Nagar 1st Street: Rs 1,625 per sq.ft (2024)
• Ram Nagar: Rs 1,625 per sq.ft (2024)
• Rangammal Nagar: Rs 801 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, leading to a total cost of Rs 1,46,250. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ram Nagar 4th Street?

The Sub Registrar Office that covers Ram Nagar 4th Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Paruthipattu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees during the transaction.

When registering a property, the guideline value serves as a benchmark for taxation purposes. The registration office uses this value to ensure that the correct fees are collected, which is crucial for maintaining transparency and fairness in the property market.

Frequently asked questions

What is the current guideline value of Ram Nagar 4th Street?

The current guideline value of Ram Nagar 4th Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Ram Nagar 4th Street?

Ram Nagar 4th Street is classified as Residential Special Type - I.

Where is the Sub Registrar Office for Ram Nagar 4th Street located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,25,000, the stamp duty at 7% would be Rs 1,13,750.