Guideline Value

Corporate

Guideline Value for RAMANUJAM 5TH CROSS ST

₹1625/sq.ft.

The guideline value for Ramanujam 5th Cross St in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Ramanujam 5th Cross St guideline value

The current guideline value of Ramanujam 5th 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 5th Cross St has changed

The guideline value for Ramanujam 5th 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 then to Rs 1,625 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects an increase of 8%. 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 a 2024 guideline value 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 5th Cross St above this median value.

Stamp duty and registration fee for property in Ramanujam 5th 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, leading to a total of Rs 1,46,250 for these charges. 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 Ramanujam 5th Cross St?

The Sub Registrar Office that covers Ramanujam 5th 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded at a fair value.

When you buy or sell property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramanujam 5th Cross St?

The current guideline value of Ramanujam 5th 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 seen various changes: it was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, increased to Rs 1,500 per sq.ft in 2023, and is now Rs 1,625 per sq.ft in 2024.

What is the land classification for Ramanujam 5th Cross St?

Ramanujam 5th Cross St is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What is the registration office for properties in Vilingiyambakkam?

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

How is stamp duty calculated for properties in Ramanujam 5th Cross St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750.