Guideline Value for RAMACHANDRA COLONY 2ND LEFT CROSS STREET

Ramachandra Colony 2nd Left Cross Street guideline value

The current guideline value of Ramachandra Colony 2nd Left Cross Street is Rs 3,300 per sq.ft. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ramachandra Colony 2nd Left Cross Street has changed

The guideline value for Ramachandra Colony 2nd Left Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and finally, the current value is Rs 3,300 per sq.ft as per the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The value then increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value range from Rs 1,100 to Rs 12,800 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Ramachandra Colony 2nd Left Cross Street's 2024 figure above that median.

• Ramachandra Colony 1st Left Cross Street: Rs 3,300 per sq.ft (2024)
• Ramachandra Colony 3rd Left Cross Street: Rs 3,300 per sq.ft (2024)
• Ramachandra Colony: Rs 3,300 per sq.ft (2024)
• Ramachandra Colony Salai: Rs 3,300 per sq.ft (2024)
• Ramachandra Mission Road: Rs 3,300 per sq.ft (2024)
• Ramapuram Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ramachandra Colony 2nd Left Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these charges Rs 2,97,000. It is important to note that 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 Ramachandra Colony 2nd Left Cross Street?

The Sub Registrar Office that covers Ramachandra Colony 2nd Left Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value to avoid any discrepancies during the registration process. This value helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Ramachandra Colony 2nd Left Cross Street?

The current guideline value for Ramachandra Colony 2nd Left Cross Street is Rs 3,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. From 2017 to 2023, it increased by 49% from Rs 2,010 per sq.ft to Rs 3,000 per sq.ft.

What is the land classification for this area?

The land classification for Ramachandra Colony 2nd Left Cross Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Ramachandra Colony 2nd Left Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.