Guideline Value for RAMANI THOTTAM (WARD-20)

Ramani Thottam (Ward-20) guideline value

The current guideline value of Ramani Thottam (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Ramani Thottam (Ward-20) has changed

The guideline value for Ramani Thottam (Ward-20) has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the latest revision in 2024 has raised it to Rs 881 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, the guideline values vary across different streets. The 2024 figures for the 132 streets under the Chengleput Joint II SRO range from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Ramani Thottam (Ward-20) is above this median.

• Rajivgandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Rajeswari Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Rajeshwari Nagar (Val): Rs 881 per sq.ft (2024)
• Rajendra Nagar (Ward -1): Rs 660 per sq.ft (2024)
• Ruthra Avenue (Tai): Rs 881 per sq.ft (2024)
• P.V.N. Avenue Thailavaram (Ward-21): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Ramani Thottam (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value would be Rs 8,81,000. The stamp duty at 7% would amount to Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total fees to Rs 79,290. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Ramani Thottam (Ward-20)?

The Sub Registrar Office covering Ramani Thottam (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thailavaram, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are required during the transaction process.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the property is registered at a value that reflects the current market conditions. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Ramani Thottam (Ward-20)?

The current guideline value of Ramani Thottam (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the land classification for Ramani Thottam (Ward-20)?

The land classification for Ramani Thottam (Ward-20) is Residential Class I Type - II.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ramani Thottam (Ward-20)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 8,81,000 would incur a stamp duty of Rs 61,670 at 7%.