Guideline Value for RAMACHANDRA COLONY 3RD LEFT CROSS STREET

Ramachandra Colony 3rd Left Cross Street guideline value

The current guideline value of Ramachandra Colony 3rd 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 3rd Left Cross Street has changed

The guideline value for Ramachandra Colony 3rd Left Cross Street has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging 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 3rd Left Cross Street above this median.

• Ramachandra Colony 2nd Left Cross Street: Rs 3,300 per sq.ft (2024)
• Ramachandra Colony Salai: Rs 3,300 per sq.ft (2024)
• Ramachandra Colony 1st Left Cross Street: Rs 3,300 per sq.ft (2024)
• Ramachandra Mission Road: Rs 3,300 per sq.ft (2024)
• Ramachandra Colony: 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 3rd 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramachandra Colony 3rd Left Cross Street?

The Sub Registrar Office covering Ramachandra Colony 3rd 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 minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish the sale price for the transaction. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ramachandra Colony 3rd Left Cross Street?

The current guideline value of Ramachandra Colony 3rd 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 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Ramachandra Colony 3rd Left Cross Street is Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Ramachandra Colony 3rd Left Cross Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Ramachandra Colony 3rd Left Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.