Guideline Value for RAMAKRISHNA NAGAR PART-II EXT

Ramakrishna Nagar Part-II Ext guideline value

The current guideline value of Ramakrishna Nagar Part-II Ext is Rs 250 per sq.ft. This area is located in P.V.Kalathur A village and falls under the Chengleput Joint I SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Ramakrishna Nagar Part-II Ext has changed

The guideline value for Ramakrishna Nagar Part-II Ext has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was set at Rs 167 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 250 per sq.ft. The most recent revision in 2024 maintained this value at Rs 250 per sq.ft, reflecting a 50% increase from the 2017 value.

Between the 2017 and 2023 revisions, the guideline value increased by 50%. However, from 2023 to 2024, there was no change, with the value remaining at Rs 250 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 250 to Rs 450 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing Ramakrishna Nagar Part-II Ext below this median.

• Ramakrishna Nagar Part-II: Rs 250 per sq.ft (2024)
• Ramakrishna Nagar Ext: Rs 402 per sq.ft (2024)
• Ramana Nagar: Rs 250 per sq.ft (2024)
• Sai City: Rs 250 per sq.ft (2024)
• Priya Nagar: Rs 400 per sq.ft (2024)
• Saraswathi Nagar: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Nagar Part-II Ext

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, while the registration fee at 2% would be Rs 5,000, making the total Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramakrishna Nagar Part-II Ext?

The Chengleput Joint I Sub Registrar Office covers Ramakrishna Nagar Part-II Ext, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P.V.Kalathur A

The guideline value is an essential factor in property transactions in P.V.Kalathur A, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is crucial for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property registration. Accurate knowledge of these values ensures compliance with local regulations and helps in planning financial aspects of the property transaction.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar Part-II Ext?

The current guideline value of Ramakrishna Nagar Part-II Ext is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2023 to 2024, with a 50% increase from Rs 167 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Ramakrishna Nagar Part-II Ext?

The land classification for Ramakrishna Nagar Part-II Ext is Residential Class II Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 22,500, based on a guideline value of Rs 2,50,000.

Where is the Sub Registrar Office located for Ramakrishna Nagar Part-II Ext?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registrations for properties in Ramakrishna Nagar Part-II Ext.