Guideline Value for RAMADASAR ROAD 2ND CROSS STREET

Ramadasar Road 2nd Cross Street guideline value

The current guideline value of Ramadasar Road 2nd Cross Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Koladi village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - III.

How the guideline value of Ramadasar Road 2nd Cross Street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This value decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, representing a 10% rise.

Overall, from the 2012 revision to the 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 Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft. The median value is Rs 1,100 per sq.ft, indicating that Ramadasar Road 2nd Cross Street's 2024 figure is below that median.

• Ramadasar Road 1st Cross Street: Rs 660 per sq.ft (2024)
• Raju Nagar: Rs 660 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 880 per sq.ft (2024)
• Ramarajar Road: Rs 660 per sq.ft (2024)
• Rajarathinam Nagar Road And 1 To 6 Cross Street: Rs 1,100 per sq.ft (2024)
• Rajarathinam Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ramadasar Road 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 information.

Which Sub Registrar Office covers Ramadasar Road 2nd Cross Street?

The Sub Registrar Office that covers Ramadasar Road 2nd Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Koladi. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the transaction is officially recorded and taxed appropriately.

When buying or selling property, the guideline value provides a baseline for the transaction price. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Ramadasar Road 2nd Cross Street?

The current guideline value of Ramadasar Road 2nd Cross Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Ramadasar Road 2nd Cross Street?

Ramadasar Road 2nd Cross Street is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 59,400.

Which Sub Registrar Office covers this area?

The Chennai South Joint II Sub Registrar Office covers Ramadasar Road 2nd Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.