Guideline Value for RAM TULASI NAGAR

Ram Tulasi Nagar guideline value

The current guideline value of Ram Tulasi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Kolatti village under the Ponneri SRO, classified as Residential Class I Type - I.

How the guideline value of Ram Tulasi Nagar has changed

The guideline value for Ram Tulasi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 330 per sq.ft, marking a 10% increase from the previous year. Notably, from 2017 to 2024, the overall increase in the guideline value is 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the changes in the guideline value are only reflected from the revisions in 2017, 2023, and 2024.

Guideline values in Kolatti

In Kolatti, 18 streets fall under the Ponneri SRO with a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Ram Tulasi Nagar's 2024 guideline value above this median.

• Puduppedu School Road: Rs 220 per sq.ft (2024)
• Pudupedu Grama Sudukadu Pattai: Rs 220 per sq.ft (2024)
• Pudhupedu Adidravidar Kudi Irupu: Rs 220 per sq.ft (2024)
• P.S.Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Prasanthi Nagar: Rs 330 per sq.ft (2024)
• Parasakthi Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Tulasi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, while the registration fee at 2% would be Rs 6,600. Together, these fees total Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ram Tulasi Nagar?

The Sub Registrar Office that covers Ram Tulasi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kolatti. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value influences the amount of stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher value between the guideline value and the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Ram Tulasi Nagar?

The current guideline value of Ram Tulasi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Kolatti with their guideline values?

Other streets in Kolatti include Puduppedu School Road, Pudupedu Grama Sudukadu Pattai, Pudhupedu Adidravidar Kudi Irupu, P.S.Srinivasa Nagar, Prasanthi Nagar, and Parasakthi Nagar, with values ranging from Rs 220 to Rs 330 per sq.ft.

What are the stamp duty and registration fees for property in Ram Tulasi Nagar?

For a property valued at Rs 3,30,000 in Ram Tulasi Nagar, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Where is the Sub Registrar Office for Ram Tulasi Nagar located?

The Sub Registrar Office for Ram Tulasi Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.