Guideline Value for RAMACHANDIRA NAGAR

Ramachandira Nagar guideline value

The current guideline value of Ramachandira Nagar, located in Naalur village under the Ponneri SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which was implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ramachandira Nagar has changed

Over the years, the guideline value of Ramachandira Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which then changed to Rs 268 per sq.ft in the 2017 revision. This was a decrease of 11%. However, from 2017 to 2023, the value rose significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2023 revision also maintained this figure into the 2024 revision, resulting in no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Naalur

In Naalur, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with the median being Rs 400 per sq.ft. Ramachandira Nagar's guideline value aligns with this median.

• Sandhya Nagar: Rs 500 per sq.ft (2024)
• Padmavathi Nagar: Rs 600 per sq.ft (2024)
• Om Sakthi Naagr: Rs 400 per sq.ft (2024)
• Sri Jayalakshmi Nagar: Rs 400 per sq.ft (2024)
• Srinivasapuram Phase Iiii: Rs 400 per sq.ft (2024)
• Sri Raman Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ramachandira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty, charged at 7%, would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramachandira Nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naalur. It serves as a baseline for calculating the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Ramachandira Nagar?

The current guideline value of Ramachandira Nagar is Rs 400 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 300 to Rs 400 per sq.ft, with significant fluctuations in between, including a drop in 2017.

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

Other streets in Naalur include Sandhya Nagar at Rs 500 per sq.ft, Padmavathi Nagar at Rs 600 per sq.ft, and several others at Rs 400 per sq.ft.

How is stamp duty calculated in Ramachandira Nagar?

Stamp duty in Ramachandira Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are also applicable at 2% of the guideline value.

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

The Ponneri Sub Registrar Office covers Ramachandira Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.