Guideline Value for RAMACHANDRA NAGAR

Ramachandra Nagar guideline value

The current guideline value of Ramachandra Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. It is located in Malayambakkam village under the Kunrathur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Ramachandra Nagar has changed

Over the years, the guideline value of Ramachandra Nagar has seen several revisions. The 2012 revision had a guideline value of Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 1,100 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median value across these streets is Rs 935 per sq.ft, placing Ramachandra Nagar's 2024 figure above this median.

• Ram Nagar: Rs 1,210 per sq.ft (2024)
• Rahamath Nagar: Rs 880 per sq.ft (2024)
• Royal City: Rs 1,800 per sq.ft (2024)
• Sagunthala Avenue: Rs 2,750 per sq.ft (2024)
• Sai Sampath Nagar: Rs 2,310 per sq.ft (2024)
• Sai Sri Boobathi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ramachandra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramachandra Nagar?

The Sub Registrar Office that covers Ramachandra Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Malayambakkam. It serves as a benchmark for determining the minimum value of the property during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramachandra Nagar?

The current guideline value of Ramachandra Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Ramachandra Nagar?

Ramachandra Nagar is classified as Residential Special Type - I. This classification impacts the guideline value and potential uses of the property.

What are the stamp duty rates in Ramachandra Nagar?

The stamp duty in Ramachandra Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Ramachandra Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.