Guideline Value for RAMAKRISHNA NAGAR

Ramakrishna Nagar guideline value

The current guideline value of Ramakrishna Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ramakrishna Nagar has changed

Over the years, the guideline value of Ramakrishna Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, the value rebounded in the 2023 revision, returning to Rs 300 per sq.ft. The most recent 2024 revision also maintains this value at Rs 300 per sq.ft, resulting in a 0% change from the previous year.

In terms of overall changes, from 2012 to 2024, the guideline value has seen no net change, while the increase from 2017 to 2023 was significant at 49%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Ramakrishna Nagar aligns with this median.

• Raja Avenue: Rs 300 per sq.ft (2024)
• Rail Nagar: Rs 300 per sq.ft (2024)
• R.M.P Nagar: Rs 300 per sq.ft (2024)
• Sai Nagar: Rs 300 per sq.ft (2024)
• Prime Woods Nagar: Rs 300 per sq.ft (2024)
• Selliamman Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, calculated at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramakrishna Nagar?

The Sub Registrar Office that covers Ramakrishna Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Anupampattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with the prevailing market standards.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar?

The current guideline value of Ramakrishna Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes showing a return to Rs 300 per sq.ft from Rs 201 per sq.ft in 2017. Overall, there has been no change from 2012 to 2024.

What are the other streets in Anupampattu with the same guideline value?

Other streets in Anupampattu with the same guideline value of Rs 300 per sq.ft include Raja Avenue, Rail Nagar, R.M.P Nagar, Sai Nagar, Prime Woods Nagar, and Selliamman Nagar.

What is the stamp duty rate for properties in Ramakrishna Nagar?

The stamp duty rate for properties in Ramakrishna Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in Ramakrishna Nagar.