Guideline Value for RAMALINGAM STREET

Ramalingam Street guideline value

The current guideline value of Ramalingam Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Ramalingam Street has changed

The guideline value for Ramalingam Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, marking a 10% rise from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Ramalingam Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current value of Ramalingam Street.

• Ramanathapuram: Rs 330 per sq.ft (2024)
• R.L.Y. Stn Street/Road: Rs 330 per sq.ft (2024)
• Rajaji Nagar: Rs 330 per sq.ft (2024)
• Rukumani Nagar: Rs 330 per sq.ft (2024)
• Sadaiyamman Koil Street / Nagar: Rs 330 per sq.ft (2024)
• Sai Baba Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalingam Street

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramalingam Street?

The Sub Registrar Office that covers Ramalingam Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property in Athipattu, it is essential to be aware of the current guideline value, as it directly influences the costs associated with the transaction. Buyers should ensure that the sale price is aligned with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ramalingam Street?

The current guideline value of Ramalingam Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Athipattu?

Other streets in Athipattu also have a guideline value of Rs 330 per sq.ft in 2024, including Ramanathapuram, R.L.Y. Stn Street/Road, Rajaji Nagar, Rukumani Nagar, Sadaiyamman Koil Street/Nagar, and Sai Baba Nagar.

What is the registration fee for property in Ramalingam Street?

The registration fee for property in Ramalingam Street is calculated based on the guideline value. For a property valued at Rs 3,30,000, the registration fee would be Rs 6,600 at 2%.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles registrations for properties in the area, including Ramalingam Street.