Guideline Value for RAM NAGAR

Ram Nagar guideline value

The current guideline value of Ram Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Ram Nagar has changed

The guideline value for Ram Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which was then increased to Rs 1,300 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,400 per sq.ft, marking an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 61%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 change reflects an increase of 8%, while the change from 2017 to 2023 was a significant rise of 49%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, positioning Ram Nagar's 2024 figure above this median.

• Ramdosspuram & Streets: Rs 750 per sq.ft (2024)
• Ramdosspuram Parel Ground Road: Rs 750 per sq.ft (2024)
• Ramar Koil Street: Rs 840 per sq.ft (2024)
• Rajiv Gandhi Nagar & Annexue-II: Rs 750 per sq.ft (2024)
• Royal Garden: Rs 1,200 per sq.ft (2024)
• Sai Eswar Nagar: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations tailored to your property.

Which Sub Registrar Office covers Ram Nagar?

The Sub Registrar Office that covers Ram Nagar 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 Thiruninravur-A

The guideline value plays a crucial role during the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ram Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 61%.

What is the land classification for Ram Nagar?

Ram Nagar is classified as Residential Special Type - IV, which indicates the specific zoning and usage regulations for this area.

What are the stamp duty rates for properties in Ram Nagar?

The stamp duty for properties in Ram Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

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

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