Guideline Value for RAMALINGASWAMY KOIL STREET

Ramalingaswamy Koil Street guideline value

The current guideline value of Ramalingaswamy Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village under the Thiruvottiyur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Ramalingaswamy Koil Street has changed

Over the years, the guideline value of Ramalingaswamy Koil Street has seen several revisions. The earliest recorded figure is from 2002, with a guideline value of Rs 61 per sq.ft. This increased to Rs 72 per sq.ft in 2003, marking an 18% rise. By 2007, the value further increased to Rs 200 per sq.ft, reflecting a significant 178% change. The value continued to rise, reaching Rs 600 per sq.ft in 2012, which was a 200% increase from the previous figure. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, showing a decline of 33%. The 2017 revision set the value at Rs 1,000 per sq.ft, which was a notable increase of 149% from 2012. The most recent revision in 2024 has set the guideline value at Rs 1,001 per sq.ft, indicating no change from the previous year’s figure of Rs 1,000 per sq.ft.

There are no figures available for revisions in years not listed. The overall change from 2002 to 2024 shows an increase of 1,541% in the guideline value for Ramalingaswamy Koil Street.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Ramalingaswamy Koil Street is below this median.

• Raji Street / Raji Naickan Street: Rs 1,300 per sq.ft (2024)
• Rathinam Street: Rs 1,000 per sq.ft (2024)
• Raghavan Street: Rs 1,300 per sq.ft (2024)
• Radha Street/Nagar: Rs 1,001 per sq.ft (2024)
• Puddhapiran Street: Rs 1,300 per sq.ft (2024)
• Ponnuswamy Street: Rs 1,001 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 guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost for these fees to Rs 90,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ramalingaswamy Koil Street?

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

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

When buying or selling property in Chinnasekkadu, the guideline value is used as a reference for determining the stamp duty and registration fees. This value is crucial as it helps ensure that the transaction is recorded accurately and in compliance with local regulations.

At the time of registration, the guideline value will be considered alongside the sale price to determine the applicable fees. Buyers should be aware that the higher of the two values will be used for calculating the stamp duty and registration fees, ensuring that the transaction is processed correctly.

Frequently asked questions

What is the current guideline value of Ramalingaswamy Koil Street?

The current guideline value of Ramalingaswamy Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 61 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 1,541% over the years.

What is the land classification for Ramalingaswamy Koil Street?

Ramalingaswamy Koil Street is classified under Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Ramalingaswamy Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Ramalingaswamy Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 90,090, which includes both stamp duty and registration fees.