Guideline Value for RAMANNASTREET

Ramannastreet guideline value

The current guideline value of Ramannastreet in Kodivalasa village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Class II Type - I.

How the guideline value of Ramannastreet has changed

The guideline value for Ramannastreet has undergone several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, it then decreased to Rs 134 per sq.ft in 2017, before rising again to Rs 200 per sq.ft in both 2023 and 2024, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2007 to 2024 reflects a substantial increase of 233%. It should be noted that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodivalasa

Kodivalasa village has 17 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with a median value of Rs 200 per sq.ft. Ramannastreet's 2024 guideline value is equal to this median.

• Santhusteeet: Rs 200 per sq.ft (2024)
• PILLYARKOIL St.,: Rs 200 per sq.ft (2024)
• Senthilnagar: Rs 175 per sq.ft (2024)
• Ottavadaistreet: Rs 200 per sq.ft (2024)
• Oddar Street: Rs 200 per sq.ft (2024)
• Sundrareswararnagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ramannastreet

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 details.

Which Sub Registrar Office covers Ramannastreet?

Ramannastreet is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kodivalasa, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning.

At the time of registration, the guideline value is used to calculate the necessary fees, which are mandatory for the legal transfer of property ownership. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Ramannastreet?

The current guideline value of Ramannastreet is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, decreased to Rs 134 per sq.ft in 2017, and then returned to Rs 200 per sq.ft in both 2023 and 2024.

What is the land classification for Ramannastreet?

Ramannastreet is classified as Residential Class II Type - I under the Pallipattu SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is at 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Ramannastreet?

The registration for Ramannastreet is handled by the Pallipattu Sub Registrar Office located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.