Guideline Value for RAMAKRISHNA AVENUE

Ramakrishna Avenue guideline value

The current guideline value of Ramakrishna Avenue is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Kuthanoor village, under the Gooduvancheri SRO, and is classified as Residential Class III Type - II.

How the guideline value of Ramakrishna Avenue has changed

The guideline value for Ramakrishna Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 750 per sq.ft, which increased significantly to Rs 1,493 per sq.ft in the 2023 revision, marking a change of +99%. However, in the 2024 revision, the guideline value decreased to Rs 1,120 per sq.ft, reflecting a drop of -25% from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by +49%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kuthanoor

In Kuthanoor village, there are 30 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Ramakrishna Avenue's 2024 figure above this median.

• Rajan Nagar: Rs 550 per sq.ft (2024)
• Praney Square: Rs 600 per sq.ft (2024)
• Saradhambal Nagar: Rs 550 per sq.ft (2024)
• Sarvamangala Nagar: Rs 550 per sq.ft (2024)
• Senthil Nagar: Rs 800 per sq.ft (2024)
• Senthil Nagar Extn: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total fees together to Rs 1,00,800. It is important to note that 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 Ramakrishna Avenue?

The Sub Registrar Office that covers Ramakrishna Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kuthanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the official value assigned by the government. This process aids in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Ramakrishna Avenue?

The current guideline value of Ramakrishna Avenue is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2017 to Rs 1,493 per sq.ft in 2023, and then decreased to Rs 1,120 per sq.ft in 2024.

What is the median guideline value for streets in Kuthanoor?

The median guideline value for streets in Kuthanoor is Rs 800 per sq.ft, with Ramakrishna Avenue's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Ramakrishna Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,00,800.

Which office handles property registrations for Ramakrishna Avenue?

The Gooduvancheri Sub Registrar Office handles property registrations for Ramakrishna Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.