Guideline Value for RAMALINGAPURAM 2ND STREET

Ramalingapuram 2nd Street guideline value

The current guideline value of Ramalingapuram 2nd Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Ramalingapuram 2nd Street has changed

The guideline value for Ramalingapuram 2nd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 171 per sq.ft. In 2003, it increased to Rs 197 per sq.ft, marking a change of +15%. The value continued to rise, reaching Rs 350 per sq.ft in 2007, which was a significant increase of +78%. However, between 2007 and 2012, the value decreased to Rs 1,200 per sq.ft, resulting in a decline of -33%. The 2017 revision saw a substantial increase to Rs 804 per sq.ft, followed by a jump to Rs 1,500 per sq.ft in 2023, an increase of +87%. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, reflecting an increase of +8% from the previous year.

There are no figures available for the revisions in the years not mentioned. Overall, from 2002 to 2024, the guideline value has increased by +850%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with a 2024 guideline value range from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which is equal to the guideline value of Ramalingapuram 2nd Street.

• Ramalingapuram 1st Street: Rs 1,625 per sq.ft (2024)
• Ramalingapuram 3rd Street: Rs 1,625 per sq.ft (2024)
• Ramalingapuram 4th Street: Rs 1,625 per sq.ft (2024)
• Ramalingapuram Gandhi Street: Rs 1,625 per sq.ft (2024)
• Ramalingapuram T.K.T.Street: Rs 1,625 per sq.ft (2024)
• Raman Nagar Main Road: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalingapuram 2nd Street

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. Together, the total cost for stamp duty and registration fees 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramalingapuram 2nd Street?

The Sub Registrar Office that covers Ramalingapuram 2nd Street 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 Paruthipattu

The guideline value is an essential factor during the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

Frequently asked questions

What is the current guideline value of Ramalingapuram 2nd Street?

The current guideline value of Ramalingapuram 2nd Street 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 significantly from Rs 171 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of +850% over the years.

What are the stamp duty and registration fees for property in Ramalingapuram 2nd Street?

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

Which Sub Registrar Office covers Ramalingapuram 2nd Street?

The Avadi Sub Registrar Office covers Ramalingapuram 2nd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Ramalingapuram 2nd Street?

Ramalingapuram 2nd Street is classified as Residential Special Type - I, indicating its designated use for residential purposes within the area.