Guideline Value for RAM NAGAR

Ram Nagar guideline value

The current guideline value for Ram Nagar, located in Thiruvur village under the Manavalanagar SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Ram Nagar has changed

In the 2023 revision, the guideline value for Ram Nagar was Rs 600 per sq.ft. The 2024 revision has maintained this value, resulting in a change of +0%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Thus, the guideline value for Ram Nagar has remained consistent at Rs 600 per sq.ft from the 2023 revision to the 2024 revision. There are no historical figures available for the earlier revisions mentioned.

Guideline values in Thiruvur

In Thiruvur, there are 99 streets under the Manavalanagar SRO carrying a 2024 guideline value ranging from Rs 450 to Rs 1,500 per sq.ft, with a median value of Rs 450 per sq.ft. Ram Nagar's guideline value is above this median.

• Rajapuram Phase II: Rs 600 per sq.ft (2024)
• Rajapuram Phase I: Rs 600 per sq.ft (2024)
• E.V.P.Rajeshwari Nagar: Rs 1,500 per sq.ft (2024)
• Capital Town: Rs 750 per sq.ft (2024)
• Asr ã¿ ã¯ã¨â£â¢: Rs 450 per sq.ft (2024)
• A.D.R.Jai Nagar: Rs 500 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 details.

Which Sub Registrar Office covers Ram Nagar?

Ram Nagar is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thiruvur. It determines the amount of stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to assess the minimum value for taxation purposes, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ram Nagar?

The current guideline value of Ram Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ram Nagar has remained at Rs 600 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Thiruvur?

Other streets in Thiruvur have varying guideline values, ranging from Rs 450 to Rs 1,500 per sq.ft. Ram Nagar's value is above the median of Rs 450 per sq.ft.

What fees are associated with buying property in Ram Nagar?

When purchasing property in Ram Nagar, buyers are required to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Ram Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.