Guideline Value for RAMASUBRAMANIAN GARDEN

Ramasubramanian Garden guideline value

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

How the guideline value of Ramasubramanian Garden has changed

The guideline value for Ramasubramanian Garden has undergone several revisions over the years. Starting from the 2012 revision, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and finally, it rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the current 2024 rate, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Ramasubramanian Garden's guideline value is below this median.

• Ramarajamanickam 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)
• Ramakrishnan Garden: Rs 1,100 per sq.ft (2024)
• Ramu, Raja Manickam Thottam: Rs 1,100 per sq.ft (2024)
• Ranganathan Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ramasubramanian Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramasubramanian Garden?

The Sub Registrar Office that covers Ramasubramanian 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 information.

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

The guideline value is a critical reference for property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is taken into account to ensure that the transaction is in line with the established rates. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ramasubramanian Garden?

The current guideline value of Ramasubramanian 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 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 for Ramasubramanian Garden?

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

How does the guideline value compare to other streets in Uthandi?

The guideline value of Rs 1,100 per sq.ft for Ramasubramanian Garden is below the median value of Rs 1,700 per sq.ft for other streets in Uthandi.

Where can I find the registration office for Ramasubramanian Garden?

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