Guideline Value for RAMASAMYNAGAR

Ramasamynagar guideline value

The current guideline value of Ramasamynagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Valakkanampudi village under the Ramakrishna Rajupettai SRO, classified as Residential Class II Type - I.

How the guideline value of Ramasamynagar has changed

According to the guideline value register, there are no figures available for Ramasamynagar for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which remained unchanged in the 2024 revision.

The 2024 revision reflects a guideline value of Rs 500 per sq.ft, which is consistent with the 2023 revision. This indicates that there has been no percentage change between the 2023 and 2024 revisions.

Guideline values in Valakkanampudi

In Valakkanampudi, three streets under the Ramakrishna Rajupettai SRO carry a guideline value of Rs 500 per sq.ft for 2024, with the median also being Rs 500 per sq.ft. Ramasamynagar's 2024 figure is equal to this median.

• Aanchaneya Nagar: Rs 500 per sq.ft (2024)
• Arulmiku Thoppilamman Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Ramasamynagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that 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 Ramasamynagar?

The Sub Registrar Office that covers Ramasamynagar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valakkanampudi. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ramasamynagar?

The current guideline value of Ramasamynagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ramasamynagar has remained at Rs 500 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Valakkanampudi?

Other streets in Valakkanampudi under the Ramakrishna Rajupettai SRO also have a guideline value of Rs 500 per sq.ft for 2024. These include Aanchaneya Nagar and Arulmiku Thoppilamman Nagar.

How is stamp duty calculated for properties in Ramasamynagar?

Stamp duty for properties in Ramasamynagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a stamp duty of Rs 35,000.

Where is the Sub Registrar Office for Ramasamynagar located?

The Sub Registrar Office for Ramasamynagar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.