Guideline Value for RAMACHANDRA ROAD

Ramachandra Road guideline value

The current guideline value of Ramachandra Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Residential Special Type - I.

How the guideline value of Ramachandra Road has changed

The guideline value for Ramachandra Road has seen significant changes over the years. In 2002, the value was Rs 1,856 per sq.ft, which increased to Rs 2,060 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 3,000 per sq.ft in 2007, reflecting a substantial increase of 46%. Following this, the value jumped to Rs 10,000 per sq.ft in 2012, a remarkable rise of 233%. However, it decreased to Rs 6,700 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 493%. There are no figures available for the revisions in certain years for this street.

Guideline values in Tnagar

In Tnagar, there are a total of 262 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, which is equal to the current value of Ramachandra Road.

• Ramachandra Street: Rs 6,600 per sq.ft (2024)
• Ramakamathupuram: Rs 5,500 per sq.ft (2024)
• Ramakrishnapuram: Rs 7,700 per sq.ft (2024)
• Ramakrishna Street (D.No 1.Kences Tower Commercial Complex) facing To North Usaman Road: Rs 27,500 per sq.ft (2024)
• Ramakrishna Street (Other Than D.No.1 Kences Towers Residential Complex): Rs 27,500 per sq.ft (2024)
• Ramanathan Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ramachandra Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ramachandra Road?

The Sub Registrar Office that covers Ramachandra Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tnagar. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This helps in avoiding any discrepancies during the registration process and ensures that the correct fees are paid.

Frequently asked questions

What is the current guideline value of Ramachandra Road?

The current guideline value of Ramachandra Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,856 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 493% over the years.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value set by the authorities.

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

The Thiyagaraya nagar Sub Registrar Office covers Ramachandra Road, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator, which will help you determine the fees based on the guideline value or the sale price.