Guideline Value for RAMAMOORTHI STREET

Ramamoorthi Street guideline value

The current guideline value of Ramamoorthi Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam Sub Registrar Office (SRO), classified as Residential Class III Type - I.

How the guideline value of Ramamoorthi Street has changed

The guideline value for Ramamoorthi Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,400 per sq.ft, which increased significantly to Rs 4,600 per sq.ft in 2012. However, this value decreased to Rs 3,082 per sq.ft in 2017. The 2023 revision raised it to Rs 4,600 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,000 per sq.ft. The changes from 2017 to 2023 was an increase of 49%, while the shift from 2023 to 2024 was a 9% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 257%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Ramamoorthi Street's 2024 figure is below this median.

• Ramalinga Nagar: Rs 5,000 per sq.ft (2024)
• Ramanujakoodam Street: Rs 5,300 per sq.ft (2024)
• Raju Street: Rs 7,100 per sq.ft (2024)
• Rajeswari Street: Rs 4,400 per sq.ft (2024)
• Rangarajapuram Colony 1st Street: Rs 7,100 per sq.ft (2024)
• Rangarajapuram Colony 2nd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ramamoorthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total Rs 4,50,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramamoorthi Street?

The Sub Registrar Office that covers Ramamoorthi Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Puliyur. It is used to determine the stamp duty and registration fees payable when buying or selling property, ensuring that these fees are calculated based on the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Ramamoorthi Street?

The current guideline value of Ramamoorthi Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 257% over this period.

What is the stamp duty rate applicable in Ramamoorthi Street?

The stamp duty rate applicable in Ramamoorthi Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ramamoorthi Street located?

The Sub Registrar Office for Ramamoorthi Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, while Ramamoorthi Street's 2024 figure is below this median.