Guideline Value for RAMARAJAMANICKAM GARDEN

Ramarajamanickam Garden guideline value

The current guideline value of Ramarajamanickam Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Ramarajamanickam Garden has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure saw a decrease to Rs 670 per sq.ft in the 2017 revision, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Uthandi

Uthandi village has a total of 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing Ramarajamanickam Garden's 2024 figure below this median.

• Ramasubramanian Garden: Rs 1,100 per sq.ft (2024)
• Ramakrishnan Garden: Rs 1,100 per sq.ft (2024)
• Ramakannan Gunaseelan Garden: Rs 1,100 per sq.ft (2024)
• Ramachandran Garden: Rs 1,100 per sq.ft (2024)
• Ramu Garden: Rs 1,100 per sq.ft (2024)
• Ramu Kannan Gunasekaran Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ramarajamanickam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramarajamanickam Garden?

The Sub Registrar Office that covers Ramarajamanickam Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ramarajamanickam Garden?

The current guideline value of Ramarajamanickam Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Ramarajamanickam Garden?

Ramarajamanickam Garden is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for a property in Ramarajamanickam Garden?

For a 1,000 sq.ft plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.