Guideline Value for RAMAKRISHNA NAGAR

Ramakrishna Nagar guideline value

The current guideline value of Ramakrishna Nagar is Rs 170 per sq.ft, effective from 1 July 2024. This area falls under Pattabiramapuram village and is classified as Residential Class IV Type - IV. The relevant Sub Registrar Office for this location is Thiruttani SRO.

How the guideline value of Ramakrishna Nagar has changed

According to the guideline value register, there are no figures available for Ramakrishna Nagar for the years 2002, 2003, 2007, 2012, and 2017. The revisions available are from 2023 and 2024, both showing a guideline value of Rs 170 per sq.ft, reflecting no change between these two years.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 170 per sq.ft, which is consistent with the previous year's figure. This indicates stability in the guideline value for Ramakrishna Nagar over the last two years.

Guideline values in Pattabiramapuram

In Pattabiramapuram, there are five streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 170 to Rs 850 per sq.ft. The median value among these streets is Rs 553 per sq.ft, placing Ramakrishna Nagar's 2024 figure below that median.

• Varagi Amman Nagar: Rs 553 per sq.ft (2024)
• Ballaji Highway Garden (27/19a3a1, 27/20,27/21,28/6c2, 28/6d2,28/6e1,28/12,28/13a): Rs 850 per sq.ft (2024)
• Sri Valli Nagar Phase II (S.No.17/19b, 17/19c): Rs 550 per sq.ft (2024)
• S S Nagar (22/11a): Rs 600 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 170 per sq.ft, the total guideline value amounts to Rs 1,70,000. The stamp duty at 7% would be Rs 11,900, and the registration fee at 2% would be Rs 3,400, totaling Rs 15,300. 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?

The Sub Registrar Office that covers Ramakrishna Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pattabiramapuram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered the baseline for calculating the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar?

The current guideline value of Ramakrishna Nagar is Rs 170 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ramakrishna Nagar has remained at Rs 170 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Pattabiramapuram with their guideline values?

Other streets in Pattabiramapuram include Varagi Amman Nagar at Rs 553 per sq.ft, Ballaji Highway Garden at Rs 850 per sq.ft, Sri Valli Nagar Phase II at Rs 550 per sq.ft, and S S Nagar at Rs 600 per sq.ft, all for the year 2024.

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

The stamp duty rate for properties in Ramakrishna Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ramakrishna Nagar located?

The Sub Registrar Office for Ramakrishna Nagar is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.