Guideline Value for RAMANIYAM RAM ENCLAVE

Ramaniyam Ram Enclave guideline value

The current guideline value of Ramaniyam Ram Enclave is Rs 3,400 per sq.ft, effective from 1 July 2024. This property is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Ramaniyam Ram Enclave has changed

Over the years, the guideline value for Ramaniyam Ram Enclave has undergone several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the most recent revisions, the guideline value was Rs 3,135 per sq.ft in 2023, which increased to Rs 3,400 per sq.ft in 2024, marking an 8% rise.

The 2024 revision reflects a significant adjustment compared to the previous year. The guideline value has risen from Rs 3,135 per sq.ft in 2023 to Rs 3,400 per sq.ft in 2024, indicating a notable change in the valuation of properties in this area.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value in this area is Rs 2,725 per sq.ft, placing the Ramaniyam Ram Enclave's 2024 figure above this median.

• Ram Garden: Rs 3,300 per sq.ft (2024)
• Ram Nagar: Rs 3,300 per sq.ft (2024)
• Rathnam Nagar: Rs 3,300 per sq.ft (2024)
• Rajendra Prasad Street: Rs 3,300 per sq.ft (2024)
• R.M.Veerappan 1st to 4th Cross street: Rs 3,300 per sq.ft (2024)
• Rajaji Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ramaniyam Ram Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, making the total cost for these fees Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramaniyam Ram Enclave?

The Sub Registrar Office covering Ramaniyam Ram Enclave is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

For additional details, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Perumbakkam. It serves as a basis for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Ramaniyam Ram Enclave?

The current guideline value of Ramaniyam Ram Enclave is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,135 per sq.ft in 2023 to Rs 3,400 per sq.ft in 2024, marking an 8% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Perumbakkam?

The median guideline value in Perumbakkam is Rs 2,725 per sq.ft, with Ramaniyam Ram Enclave's 2024 figure being above this median.

How is stamp duty calculated for properties in Ramaniyam Ram Enclave?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 2,38,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.