Guideline Value for RAMAMURTHY NAGAR - II

Ramamurthy Nagar - II guideline value

The current guideline value of Ramamurthy Nagar - II is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village under the Padappai SRO, and the land classification is Mixed Type - II.

How the guideline value of Ramamurthy Nagar - II has changed

The guideline value for Ramamurthy Nagar - II has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 1,200 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 63%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pazhanthandalam

In Pazhanthandalam, there are 57 streets under the Padappai SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Ramamurthy Nagar - II above this median.

• Ramamurthy Nagar - I: Rs 1,200 per sq.ft (2024)
• Rathi's Sri Sai City Phase-I: Rs 1,540 per sq.ft (2024)
• Rathi's Sri Sai City Phase-II: Rs 1,540 per sq.ft (2024)
• Rathi's Sri Sai City-Phase-III: Rs 1,540 per sq.ft (2024)
• Raghavendra Nagar Extn I to V: Rs 770 per sq.ft (2024)
• Ragavendira Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ramamurthy Nagar - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramamurthy Nagar - II?

Ramamurthy Nagar - II falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Pazhanthandalam. It is used to determine the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the government receives the appropriate revenue from property transactions. Buyers should be aware of these values to understand the costs involved in their property dealings.

Frequently asked questions

What is the current guideline value of Ramamurthy Nagar - II?

The current guideline value of Ramamurthy Nagar - II is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 63% during this period.

What is the stamp duty rate for property in Ramamurthy Nagar - II?

The stamp duty rate for property transactions in Ramamurthy Nagar - II is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ramamurthy Nagar - II?

The Sub Registrar Office covering Ramamurthy Nagar - II is the Padappai SRO, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Pazhanthandalam?

The median guideline value for streets in Pazhanthandalam under the Padappai SRO is Rs 1,100 per sq.ft, with Ramamurthy Nagar - II being above this median at Rs 1,200 per sq.ft.