Guideline Value for RAMALINGAM ST

Ramalingam St guideline value

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

How the guideline value of Ramalingam St has changed

Over the years, the guideline value of Ramalingam St has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,625 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 8% in the guideline value per sq.ft.

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. Ramalingam St's 2024 figure of Rs 1,625 per sq.ft is above this median.

• Ramalingam 4th Cross St: Rs 1,625 per sq.ft (2024)
• 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)
• 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 St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, while the registration fee at 2% would be Rs 32,500. Together, the total cost for stamp duty and registration fee would be 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.

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

Which Sub Registrar Office covers Ramalingam St?

The Sub Registrar Office that covers Ramalingam 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 details.

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

The guideline value is a crucial factor during property registration in Vilingiyambakkam. It determines the minimum price at which a property can be registered, ensuring that all transactions are recorded at a fair value as per government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which influences the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ramalingam St?

The current guideline value of Ramalingam 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 increased 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 St?

Ramalingam St is classified as Residential Special Type - II under the Avadi SRO.

What are the stamp duty and registration fees for a property on Ramalingam St?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,25,000. The stamp duty at 7% is Rs 1,13,750, and the registration fee at 2% is Rs 32,500, totaling Rs 1,46,250.

Which Sub Registrar Office covers Ramalingam St?

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