Guideline Value for RAMANUJAKOODAM STREET

Ramanujakoodam Street guideline value

The current guideline value of Ramanujakoodam Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ramanujakoodam Street has changed

The guideline value for Ramanujakoodam Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased significantly to Rs 4,900 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 3,283 per sq.ft. The next revision in 2023 raised it to Rs 4,900 per sq.ft, followed by the current value of Rs 5,300 per sq.ft effective from July 2024, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 253%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, indicating that the 2024 figure for Ramanujakoodam Street is below this median.

• Ramamoorthi Street: Rs 5,000 per sq.ft (2024)
• Ramalinga Nagar: Rs 5,000 per sq.ft (2024)
• Raju Street: Rs 7,100 per sq.ft (2024)
• Rangarajapuram Colony 1st Street: Rs 7,100 per sq.ft (2024)
• Rangarajapuram Colony 2nd Street: Rs 7,100 per sq.ft (2024)
• Rangarajapuram Colony 3rd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanujakoodam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value amounts to Rs 53,00,000. The stamp duty at 7% would be Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, resulting in a total of Rs 4,77,000. 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 Ramanujakoodam Street?

The Kodambakkam Sub Registrar Office covers Ramanujakoodam Street. The office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is referred to ensure that the transaction complies with legal requirements. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramanujakoodam Street?

The current guideline value of Ramanujakoodam Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2024, marking a total increase of 253% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty for properties in Ramanujakoodam Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Kodambakkam Sub Registrar Office covers Ramanujakoodam Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Ramanujakoodam Street?

Ramanujakoodam Street is classified as Residential Class II Type - I according to the guidelines set by the registration department.