Guideline Value for RAMANUJAM STREET (WEST)

Ramanujam Street (West) guideline value

The current guideline value of Ramanujam Street (West) in Vilingiyambakkam village is Rs 1,625 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Special Type - II.

How the guideline value of Ramanujam Street (West) has changed

The guideline value for Ramanujam Street has seen several revisions over the years. From the 2003 revision, where it was Rs 151 per sq.ft, it increased significantly to Rs 350 per sq.ft in 2007. This was followed by a substantial jump to Rs 1,500 per sq.ft in 2012, but then it decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,625 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. The rise from 2017 to 2023 was 49%, while the drop from 2012 to 2017 was 33%. The increase from 2007 to 2012 was a remarkable 329%, and from 2003 to 2007, it was 132%. Overall, from 2003 to 2024, the guideline value has increased by 976%. The register has no figure for the year 2002 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, making Ramanujam Street's 2024 figure of Rs 1,625 per sq.ft above that median.

• Ramanujam Street: Rs 1,625 per sq.ft (2024)
• Ramanujam 5th Cross St: Rs 1,625 per sq.ft (2024)
• Ramanujam 4th Cross St: Rs 1,625 per sq.ft (2024)
• Ramanujam 3rd 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)

Stamp duty and registration fee for property in Ramanujam Street (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value is Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would amount to Rs 32,500. Together, the total cost for these fees would be Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramanujam Street (West)?

The Sub Registrar Office that covers Ramanujam Street (West) 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 details, you can find your SRO.

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

The guideline value is an essential metric used during the registration of property transactions in Vilingiyambakkam. It helps in determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the prevailing guideline values.

Frequently asked questions

What is the current guideline value of Ramanujam Street (West)?

The current guideline value of Ramanujam Street (West) 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 multiple times, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,625 per sq.ft in 2024. The overall increase from 2003 to 2024 is 976%.

What is the land classification of Ramanujam Street (West)?

Ramanujam Street (West) is classified as Residential Special Type - II, indicating its zoning for residential purposes.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750, and the registration fee would be Rs 32,500, totaling Rs 1,46,250.

Where can I find the Sub Registrar Office for Ramanujam Street (West)?

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