Guideline Value for RAMALINGASWAMY KOIL STREET

Ramalingaswamy Koil Street guideline value

The current guideline value of Ramalingaswamy Koil Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Ramalingaswamy Koil Street has changed

The guideline value for Ramalingaswamy Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 50 per sq.ft, which was then increased to Rs 100 per sq.ft in the 2023 revision. The latest revision in 2024 has raised this figure to Rs 101 per sq.ft, marking a 1% increase from the previous year. Notably, there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value experienced a significant increase of 100%. Overall, from 2017 to 2024, the increase amounts to 102%, highlighting a steady rise in the guideline value over the years.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, which aligns with the current guideline value of Ramalingaswamy Koil Street.

• R.C.VELLIMEDU 1st STREET: Rs 101 per sq.ft (2024)
• R.C.VELLIMEDU 2st STREET: Rs 101 per sq.ft (2024)
• Puthur Colony: Rs 100 per sq.ft (2024)
• Puthiyamman Koil: Rs 100 per sq.ft (2024)
• Pettai Street: Rs 400 per sq.ft (2024)
• Perumalkoil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalingaswamy Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, totaling Rs 9,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. To calculate your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramalingaswamy Koil Street?

The Sub Registrar Office that covers Ramalingaswamy Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor when buying or selling property in Cheyyur - A. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that these costs are aligned with the official valuation.

When a property is sold, the guideline value helps in assessing the fair value of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramalingaswamy Koil Street?

The current guideline value of Ramalingaswamy Koil Street is Rs 101 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 50 per sq.ft to Rs 101 per sq.ft in 2024, marking an overall increase of 102% over this period.

What is the land classification of Ramalingaswamy Koil Street?

Ramalingaswamy Koil Street is classified as Residential Class IV Type - I.

Where can I find the registration office for this street?

The registration office for Ramalingaswamy Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated for properties in Cheyyur - A?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,01,000 would incur a stamp duty of Rs 7,070.