Guideline Value for RAMDOSSPURAM & STREETS

Ramdosspuram & Streets guideline value

The current guideline value of Ramdosspuram & Streets is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Ramdosspuram & Streets has changed

The guideline value for Ramdosspuram & Streets has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 has established the guideline value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the 2024 figure for Ramdosspuram & Streets.

• Ramdosspuram Parel Ground Road: Rs 750 per sq.ft (2024)
• Ram Nagar: Rs 1,400 per sq.ft (2024)
• Ramar Koil Street: Rs 840 per sq.ft (2024)
• Rajiv Gandhi Nagar & Annexue-II: Rs 750 per sq.ft (2024)
• Royal Garden: Rs 1,200 per sq.ft (2024)
• Sai Eswar Nagar: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Ramdosspuram & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty, calculated at 7%, would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. 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 detailed calculations.

Which Sub Registrar Office covers Ramdosspuram & Streets?

The Ramdosspuram & Streets area is covered by 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 Thiruninravur-A

The guideline value plays a crucial role when buying or selling property in Thiruninravur-A. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of Ramdosspuram & Streets?

The current guideline value of Ramdosspuram & Streets is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, which is a total increase of 60% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 7,50,000, the stamp duty is Rs 52,500 and the registration fee is Rs 15,000, totaling Rs 67,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Ramdosspuram & Streets?

The Avadi Sub Registrar Office handles property registrations for Ramdosspuram & Streets. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

Are there other streets with different guideline values in Thiruninravur-A?

Yes, there are other streets in Thiruninravur-A with varying guideline values. For example, Ram Nagar has a guideline value of Rs 1,400 per sq.ft, while Ramdosspuram Parel Ground Road has a value of Rs 750 per sq.ft.