Guideline Value for RAMAKRISHNA NAGAR PART-II

Ramakrishna Nagar Part-II guideline value

The current guideline value of Ramakrishna Nagar Part-II is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in P.V.Kalathur A village under the Chengleput Joint I SRO and is classified as Residential Class II Type - I.

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

Since the 2017 revision, the guideline value for Ramakrishna Nagar Part-II has increased by 50%, rising from Rs 167 per sq.ft to Rs 250 per sq.ft by the 2024 revision. The 2023 revision also maintained the value at Rs 250 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision is a 50% increase, reflecting a consistent valuation over the past years.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO with 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's value below this median.

• Ramakrishna Nagar Part-II Ext: 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

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, and the registration fee at 2% would be Rs 5,000, totaling 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?

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

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

The guideline value plays a crucial role in the registration process of property transactions in P.V.Kalathur A. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is taken into consideration for calculating 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 Part-II?

The current guideline value of Ramakrishna Nagar Part-II 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 since the 2023 revision, reflecting no change from the previous year. From 2017 to 2024, there has been a 50% increase from Rs 167 per sq.ft.

What are the other streets in P.V.Kalathur A?

Other streets in P.V.Kalathur A include Ramakrishna Nagar Part-II Ext, Ramakrishna Nagar Ext, Ramana Nagar, Sai City, Priya Nagar, and Saraswathi Nagar, with varying guideline values.

Where is the Chengleput Joint I Sub Registrar Office located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated in Ramakrishna Nagar Part-II?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.