Guideline Value for RAM NAGAR

Ram Nagar guideline value

The current guideline value of Ram Nagar, located in Kakkalur village under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - III land classification.

How the guideline value of Ram Nagar has changed

In the 2012 revision, the guideline value was set at Rs 625 per sq.ft. This figure saw a decrease of 33% to Rs 419 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 626 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, reflecting a 0% change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current value of Ram Nagar.

• Rama Nujar Nagar: Rs 626 per sq.ft (2024)
• Redhillis Road: Rs 800 per sq.ft (2024)
• R.K. Nagar: Rs 626 per sq.ft (2024)
• Roja Street: Rs 626 per sq.ft (2024)
• Royal Homes Part-I To III: Rs 626 per sq.ft (2024)
• R.P. Nagar: Rs 626 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 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, while the registration fee at 2% would be Rs 12,520, bringing the total cost for duty and fees to Rs 56,340. 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?

The Sub Registrar Office that covers Ram Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kakkalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation set by the government. It is essential for buyers and sellers to be aware of these values to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Ram Nagar?

The current guideline value of Ram Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023, remaining the same in 2024.

What is the land classification for Ram Nagar?

Ram Nagar falls under the Residential Class II Type - III land classification.

Which office handles the registration for Ram Nagar?

The registration for Ram Nagar is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is 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, a 1,000 sq.ft property at the current guideline value would incur a total of Rs 56,340 in duties and fees.