Guideline Value for RAMANUJAM 4TH CROSS ST

Ramanujam 4th Cross St guideline value

The current guideline value of Ramanujam 4th Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Special Type - II.

How the guideline value of Ramanujam 4th Cross St has changed

The guideline value for Ramanujam 4th Cross St has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,625 per sq.ft in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, the changes were notable. From 2017 to 2023, there was a 49% increase, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Ramanujam 4th Cross St above this median.

• Ramanujam 3rd Cross St: Rs 1,625 per sq.ft (2024)
• Ramanujam 5th Cross St: Rs 1,625 per sq.ft (2024)
• Ramanujam 2nd Cross St: Rs 1,625 per sq.ft (2024)
• Ramanujam 1st Cross St: Rs 1,625 per sq.ft (2024)
• Raman Street: Rs 800 per sq.ft (2024)
• Ramanujam Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanujam 4th Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total fees to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ramanujam 4th Cross St?

The Sub Registrar Office that covers Ramanujam 4th Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vilingiyambakkam, as it determines the minimum value at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate fees are paid to the government.

Frequently asked questions

What is the current guideline value of Ramanujam 4th Cross St?

The current guideline value of Ramanujam 4th Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Ramanujam 4th Cross St?

Ramanujam 4th Cross St is classified as Residential Special Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Ramanujam 4th Cross St is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.