Guideline Value for RAMALINGA NAGAR 4th STREET

RAMALINGA NAGAR 4th STREET guideline value

The current guideline value of RAMALINGA NAGAR 4th STREET is Rs 2,800 per sq.ft. This street is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of RAMALINGA NAGAR 4th STREET has changed

The guideline value for RAMALINGA NAGAR 4th STREET has seen significant changes over the years. The earliest recorded revision was in 2003, with a guideline value of Rs 174 per sq.ft. This figure increased to Rs 750 per sq.ft in 2007, marking a substantial rise of 331%. In 2012, the value was Rs 2,500 per sq.ft, which represented a 233% increase from the previous revision. The value then decreased by 33% to Rs 1,675 per sq.ft in 2017. Following this, the guideline value surged by 49% to reach Rs 2,500 per sq.ft in 2023, and it has now increased by 12% to the current value of Rs 2,800 per sq.ft as of the 2024 revision.

It is important to note that the register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1509%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing RAMALINGA NAGAR 4th STREET above this median.

• RAMALINGA NAGAR 3rd STREET: Rs 2,800 per sq.ft (2024)
• RAMALINGA NAGAR 2nd STREET: Rs 2,800 per sq.ft (2024)
• RAMALINGA NAGAR 1st STREET: Rs 2,800 per sq.ft (2024)
• RAMALINGA NAGAR(Main Road): Rs 2,800 per sq.ft (2024)
• Rajiv Avenue: Rs 4,500 per sq.ft (2024)
• Rajendra Salai: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in RAMALINGA NAGAR 4th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAMALINGA NAGAR 4th STREET?

The Sub Registrar Office that covers RAMALINGA NAGAR 4th STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property sale or purchase process.

Frequently asked questions

What is the current guideline value of RAMALINGA NAGAR 4th STREET?

The current guideline value of RAMALINGA NAGAR 4th STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 174 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1509% over this period.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, which means RAMALINGA NAGAR 4th STREET is above this median with its current value of Rs 2,800 per sq.ft.

What are the stamp duty and registration fees for properties in RAMALINGA NAGAR 4th STREET?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for RAMALINGA NAGAR 4th STREET?

The Neelankarai Sub Registrar Office handles registrations for RAMALINGA NAGAR 4th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.