Guideline Value for RAMANATHAPURAM NAGAR/STREET

Ramanathapuram Nagar/Street guideline value

The current guideline value of Ramanathapuram Nagar/Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Ramanathapuram Nagar/Street has changed

The guideline value for Ramanathapuram Nagar/Street has undergone several revisions over the years. In 2007, the guideline value was Rs 350 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 329%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The following revision in 2023 saw the value increase to Rs 1,500 per sq.ft, which was a substantial rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, an increase of 7% from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with the median value being Rs 1,600 per sq.ft. Ramanathapuram Nagar/Street's 2024 guideline value aligns with this median.

• Ramakrishna Nagar/Cross Street/Sathiyamurthy Ngar: Rs 2,400 per sq.ft (2024)
• Rajiv Gandhi Nagar (Corner Plots): Rs 3,300 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 3,300 per sq.ft (2024)
• Rukmani Nagar: Rs 1,800 per sq.ft (2024)
• Puratchi Thalaivar Nagar: Rs 1,400 per sq.ft (2024)
• Sakthipuram: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanathapuram Nagar/Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramanathapuram Nagar/Street?

The Ramanathapuram Nagar/Street falls under the Thiruvottiyur Sub Registrar Office located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ernavur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

Frequently asked questions

What is the current guideline value of Ramanathapuram Nagar/Street?

The current guideline value of Ramanathapuram Nagar/Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 357% over the years.

What is the land classification for Ramanathapuram Nagar/Street?

Ramanathapuram Nagar/Street is classified as Residential Class I Type - II.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Ramanathapuram Nagar/Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000, leading to a stamp duty of Rs 1,12,000.