Guideline Value for RAMACHANDIRA NAGAR

Ramachandira Nagar guideline value

The current guideline value of Ramachandira Nagar, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 501 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Ramachandira Nagar has changed

The guideline value for Ramachandira Nagar has seen significant changes over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 200 per sq.ft, which increased to Rs 501 per sq.ft in the 2024 revision, marking a change of +151%.

Prior to the 2023 revision, there are no figures available for the street in the revisions from 2002 to 2017. The 2024 figure of Rs 501 per sq.ft represents a notable increase from the previous year.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 501 per sq.ft, which is the same as the guideline value for Ramachandira Nagar.

• Prakash Garden: Rs 501 per sq.ft (2024)
• Pon Nagar Kilaku: Rs 501 per sq.ft (2024)
• Pon Nagar Garden: Rs 501 per sq.ft (2024)
• Pon Nagar: Rs 501 per sq.ft (2024)
• Samundeeswari Nagar: Rs 501 per sq.ft (2024)
• Selvavinayagar Kudi Iruppu: Rs 501 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 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, totaling Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate 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. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration process of property transactions in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair and standardized rate, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ramachandira Nagar?

The current guideline value of Ramachandira Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 501 per sq.ft in 2024, which is a change of +151%.

What is the land classification of Ramachandira Nagar?

Ramachandira Nagar is classified as Residential Class II Type - I.

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

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a standard rate for recording the sale and ensuring transparency in the registration process.