Guideline Value for RAM Nagar

RAM Nagar guideline value

The current guideline value for RAM Nagar, located in 69/17karanai village under the Tiruvallur Joint 1 SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of RAM Nagar has changed

The guideline value register for RAM Nagar shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 200 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 200 per sq.ft. This indicates that there has been a 0% change from 2023 to 2024.

Both the 2023 and 2024 revisions maintain the same rate, reflecting stability in the guideline value for this street over the past two years.

Guideline values in 69/17karanai

In 69/17karanai, there are 7 streets recorded under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 200 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing RAM Nagar's 2024 figure below this median.

• S.V.R.Nagar: Rs 200 per sq.ft (2024)
• Gomathi Amman Nagar Phase -III: Rs 250 per sq.ft (2024)
• J C Nagar: Rs 200 per sq.ft (2024)
• Lotus Garden: Rs 300 per sq.ft (2024)
• Sri Sai Nagar Extension II: Rs 250 per sq.ft (2024)
• Udayam Nagar: Rs 400 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. This brings the total fees to Rs 18,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers RAM Nagar?

The RAM Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 69/17karanai

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When you buy or sell property in 69/17karanai, the guideline value serves as a benchmark for calculating the applicable fees. It is essential 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 200 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 200 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for RAM Nagar?

RAM Nagar is classified under Residential Class III Type - I, indicating its designation for residential use.

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

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty is Rs 14,000, and the registration fee is Rs 4,000, totaling Rs 18,000.

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

The Sub Registrar Office covering RAM Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.