Guideline Value for RAMALINGAM 4TH CROSS ST

Ramalingam 4th Cross St guideline value

The current guideline value of Ramalingam 4th Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Special Type - II.

How the guideline value of Ramalingam 4th Cross St has changed

The guideline value for Ramalingam 4th Cross St has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,500 per sq.ft, which changed to Rs 1,005 per sq.ft in 2017. This was a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in 2023, followed by a further rise to Rs 1,625 per sq.ft in 2024, marking an 8% increase.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Ramalingam 4th Cross St is above this median.

• Ramalingam 3th Cross St: Rs 1,625 per sq.ft (2024)
• Ramalingam 2nd Cross St: Rs 1,625 per sq.ft (2024)
• Ramalingam 1st Cross St: Rs 1,625 per sq.ft (2024)
• Ramalingam St: Rs 1,625 per sq.ft (2024)
• Ramakrishna Pramahamsar St (M.T.H.Road Northern Sid): Rs 935 per sq.ft (2024)
• Raman Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalingam 4th Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total charges to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramalingam 4th Cross St?

The Sub Registrar Office that covers Ramalingam 4th Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the correct fees are applied. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Ramalingam 4th Cross St?

The current guideline value of Ramalingam 4th Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Ramalingam 4th Cross St?

Ramalingam 4th Cross St is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,25,000, the total fees would be Rs 1,46,250.

Where is the Sub Registrar Office for Ramalingam 4th Cross St located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.