Guideline Value for RAMADAS STREET

Ramadas Street guideline value

The current guideline value of Ramadas Street in Jelandianpettai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Ramadas Street has changed

In the 2012 revision, the guideline value for Ramadas Street was Rs 1,500 per sq.ft. This figure remained the same in the 2017 revision, where it was revised to Rs 1,005 per sq.ft. However, in the 2023 revision, the guideline value increased to Rs 1,500 per sq.ft, marking a 49% increase from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Ramadas Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Jelandianpettai

In Jelandianpettai village, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Ramadas Street's 2024 figure below that median.

• Rajiv Gandhi Street: Rs 2,200 per sq.ft (2024)
• Rajiv Gandhi Cross Street: Rs 2,200 per sq.ft (2024)
• Rajeswari Street: Rs 2,200 per sq.ft (2024)
• Rajathi Street: Rs 2,200 per sq.ft (2024)
• Rajammal Nagar: Rs 2,750 per sq.ft (2024)
• Ramu Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ramadas Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please 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 details.

Which Sub Registrar Office covers Ramadas Street?

Ramadas Street is covered by 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 Jelandianpettai

The guideline value is an important metric used during the registration process of property transactions in Jelandianpettai. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramadas Street?

The current guideline value of Ramadas Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the land classification for Ramadas Street?

Ramadas Street is classified as Residential Class IV Type - I under the Chennai South Joint I SRO.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator.

Which office handles the registration for Ramadas Street?

The registration for Ramadas Street is handled by 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.