Guideline Value for RAMALINGAPURAM 4TH STREET

Ramalingapuram 4th Street guideline value

The current guideline value of Ramalingapuram 4th 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 4th Street has changed

Over the years, the guideline value for Ramalingapuram 4th Street has seen significant changes. Starting from Rs 171 per sq.ft in 2002, it increased to Rs 197 per sq.ft in 2003, marking a 15% rise. The value then rose to Rs 350 per sq.ft in 2007, reflecting a 78% increase. Following this, the guideline value surged to Rs 1,200 per sq.ft in 2012, a substantial jump of 243%. However, it decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value then increased dramatically to Rs 1,500 per sq.ft in 2023, showing an 87% rise, and is currently set at Rs 1,625 per sq.ft for 2024, which is an 8% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in the register. The overall change from 2002 to 2024 is a remarkable increase of 850%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging 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 4th Street.

• Ramalingapuram 3rd Street: Rs 1,625 per sq.ft (2024)
• Ramalingapuram Gandhi Street: Rs 1,625 per sq.ft (2024)
• Ramalingapuram 2nd Street: Rs 1,625 per sq.ft (2024)
• Ramalingapuram T.K.T.Street: Rs 1,625 per sq.ft (2024)
• Ramalingapuram 1st 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 4th 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, bringing the total 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 also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramalingapuram 4th Street?

The Sub Registrar Office that covers Ramalingapuram 4th 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value is compared to the sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramalingapuram 4th Street?

The current guideline value of Ramalingapuram 4th 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, starting from Rs 171 per sq.ft in 2002 and reaching Rs 1,625 per sq.ft in 2024, which is an overall increase of 850%.

What is the land classification for Ramalingapuram 4th Street?

Ramalingapuram 4th Street is classified as Residential Special Type - I.

Where can I find the Avadi Sub Registrar Office?

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

How is the stamp duty calculated for properties in Ramalingapuram 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,13,750.