Guideline Value for RAMASAMY ST

Ramasamy St guideline value

The current guideline value of Ramasamy St in Paleripattu village, under the Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Ramasamy St has changed

The guideline value for Ramasamy St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then rose again to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. It is important to note that the register has no figures for Ramasamy St in the years 2002, 2003, and 2007.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the current guideline value of Ramasamy St.

• Ramaraj Nagar: Rs 990 per sq.ft (2024)
• R.C.Natesan Nagar: Rs 1,320 per sq.ft (2024)
• River Bank St: Rs 990 per sq.ft (2024)
• Raja Raja Cholan St: Rs 990 per sq.ft (2024)
• Sabthagiri St: Rs 990 per sq.ft (2024)
• Pulavar Govindan St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ramasamy St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramasamy St?

The Sub Registrar Office that covers Ramasamy 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 Paleripattu

The guideline value is a crucial factor in the registration process when buying or selling property in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramasamy St?

The current guideline value of Ramasamy St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Ramasamy St?

Ramasamy St is classified as Residential Class II Type - I, which indicates its designation for residential use.

Where can I find the Sub Registrar Office for Ramasamy St?

The Avadi Sub Registrar Office covers Ramasamy St, 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 Ramasamy St?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at Rs 990 per sq.ft would incur a total guideline value of Rs 9,90,000, leading to stamp duty and registration fees based on that amount.