Guideline Value for RAMAKRISHNA NAGAR ANNEX

Ramakrishna Nagar Annex guideline value

The current guideline value of Ramakrishna Nagar Annex is Rs 3,290 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village under the Pammal Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Ramakrishna Nagar Annex has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision was set at Rs 2,010 per sq.ft, which rose to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 shows a further increase of 10%, bringing the value to Rs 3,290 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO with guideline values ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the guideline value of Ramakrishna Nagar Annex above that median.

• Ramakrishna Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Ramakrishna Nagar: Rs 2,750 per sq.ft (2024)
• Ramamoorthi Avenue: Rs 2,750 per sq.ft (2024)
• Ramamoorthy Avenue Extn.: Rs 2,750 per sq.ft (2024)
• Rajendran Nagar: Rs 6,850 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,290 per sq.ft, the total guideline value amounts to Rs 32,90,000. The stamp duty at 7% would be Rs 2,30,300, and the registration fee at 2% would be Rs 65,800, leading to a total of Rs 2,96,100. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramakrishna Nagar Annex?

The Ramakrishna Nagar Annex falls under the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar Annex?

The current guideline value of Ramakrishna Nagar Annex is Rs 3,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,290 per sq.ft in 2024, representing a total increase of 64% over this period.

What are the other streets in Kolapakkam and their guideline values?

Other streets in Kolapakkam include Ramakrishna Nagar Avenue, Ramakrishna Nagar, Ramamoorthi Avenue, Ramamoorthy Avenue Extn., Rajendran Nagar, and Radhakrishnan Nagar, with values ranging from Rs 1,980 to Rs 6,850 per sq.ft in 2024.

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

For a property valued at Rs 32,90,000, the stamp duty is Rs 2,30,300, and the registration fee is Rs 65,800, totaling Rs 2,96,100. Duty is charged on the higher of the guideline value and the sale price.

Which office handles registrations for Ramakrishna Nagar Annex?

The Pammal Sub Registrar Office handles registrations for Ramakrishna Nagar Annex, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.