Guideline Value for RAMANUJAR STREET (WARD -4)

Ramanujar Street (Ward -4) guideline value

The current guideline value of Ramanujar Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Ramanujar Street (Ward -4) has changed

The guideline value for Ramanujar Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This value decreased to Rs 804 per sq.ft in 2017, reflecting a change of -33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, which is an increase of 10% from the 2023 figure.

It is important to note that there are no figures available for Ramanujar Street in the revisions for the years 2002, 2003, and 2007.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Ramanujar Street's 2024 figure above that median.

• Ramasamy Padayachiar Salai (Ward -8): Rs 1,320 per sq.ft (2024)
• Ramanayakkan Street (Ward -19): Rs 661 per sq.ft (2024)
• Rajivgandhi Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Rani Mangammal Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Rajiv Gandhi Nagar Rail Nagar (Ward -2): Rs 661 per sq.ft (2024)
• Rajam Street (Ward -19): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanujar Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 precise calculations.

Which Sub Registrar Office covers Ramanujar Street (Ward -4)?

The Sub Registrar Office that covers Ramanujar Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Peramanoor. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value as it can affect the overall expenses involved in the property transaction. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ramanujar Street (Ward -4)?

The current guideline value of Ramanujar Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Ramanujar Street?

Ramanujar Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for a property in Ramanujar Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Ramanujar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.