Guideline Value for RAM NAGAR

Ram Nagar guideline value

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

How the guideline value of Ram Nagar has changed

The guideline value for Ram Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 871 per sq.ft. This figure rose to Rs 1,300 per sq.ft in the 2023 revision, marking an increase of 49%. The current 2024 revision shows a further increase to Rs 1,400 per sq.ft, which is an 8% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Ram Nagar's 2024 figure above this median.

• Ramdosspuram & Streets: Rs 770 per sq.ft (2024)
• Ramdosspuram Parel Ground Road: Rs 770 per sq.ft (2024)
• Ramar Koil Street: Rs 870 per sq.ft (2024)
• Rajiv Gandhi Nagar & Annexue-II: Rs 770 per sq.ft (2024)
• Ria Srinivasa Plams: Rs 1,320 per sq.ft (2024)
• Royal Garden: Rs 660 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 would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, while the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. Please 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 details.

Which Sub Registrar Office covers Ram Nagar?

The Avadi Sub Registrar Office covers Ram Nagar. The address is 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-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations.

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 much has the guideline value changed since 2017?

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

What is the land classification of Ram Nagar?

Ram Nagar is classified as Residential Special Type - IV according to the guideline value register.

Where can I find the registration office for Ram Nagar?

The registration office for 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.

How is the stamp duty calculated for properties in Ram Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at a rate of 7%.