Guideline Value for RAM NAGAR

Ram Nagar guideline value

The current guideline value of Ram Nagar, located in Keeranallore village, is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Kanchipuram Joint IV SRO and is classified as Residential Special Type - V.

How the guideline value of Ram Nagar has changed

The guideline value for Ram Nagar has remained consistent at Rs 300 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002, indicating that there were no recorded changes for this street during those years.

From 2023 to 2024, there was no change in the guideline value, with an increase of +0%. This stability suggests that the guideline value has not fluctuated in recent revisions.

Guideline values in Keeranallore

In addition to Ram Nagar, there are other streets in Keeranallore under the Kanchipuram Joint IV SRO. The guideline value for these streets varies significantly.

• Stepsstone Smk-"aero Square": Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000. Together, these fees total Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ram Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Ram Nagar. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Keeranallore. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value is considered as a benchmark for the transaction. Buyers and sellers must be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ram Nagar?

The current guideline value of Ram Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the classification of land in Ram Nagar?

Ram Nagar is classified as Residential Special Type - V under the current guideline value register.

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

For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Ram Nagar located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.