Guideline Value for RAMANA NAGAR

Ramana Nagar guideline value

The current guideline value of Ramana Nagar, located in Thozhuvur village under the Tiruvallur Joint 1 SRO, is Rs 300 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class III Type - II.

How the guideline value of Ramana Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 300 per sq.ft, which represents a significant rise of 49% from the 2017 figure. The register has no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024.

Overall, comparing the 2012 and 2023 revisions, there has been no change in the guideline value, remaining at Rs 300 per sq.ft. This indicates a stable value over the years despite the fluctuations observed in the interim revisions.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Ramana Nagar is among the streets under the Tiruvallur Joint 1 SRO, and there are no other streets in Thozhuvur listed with guideline values.

Stamp duty and registration fee for property in Ramana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramana Nagar?

The Sub Registrar Office covering Ramana Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for buying or selling property in Thozhuvur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ramana Nagar?

The current guideline value of Ramana Nagar is Rs 300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 300 per sq.ft in 2023, marking a rise of 49% from the 2017 figure.

What is the land classification for Ramana Nagar?

The land classification for Ramana Nagar is Residential Class III Type - II, indicating its designated use for residential purposes.

Where is the Sub Registrar Office for Ramana Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office, which covers Ramana Nagar, is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How are stamp duty and registration fees calculated in Ramana Nagar?

Stamp duty and registration fees in Ramana Nagar are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would amount to Rs 27,000.