Guideline Value for RAMDOSSPURAM & STREETS

Ramdosspuram & Streets guideline value

The current guideline value of Ramdosspuram & Streets is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Ramdosspuram & Streets has changed

The guideline value for Ramdosspuram & Streets has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 770 per sq.ft, marking a 10% increase from the previous year. Notably, the overall increase from 2017 to 2024 is 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes from 2017 to 2023 reflect a 49% increase, showcasing a consistent rise in the guideline value over the years.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which aligns with the current guideline value of Ramdosspuram & Streets.

• Ramdosspuram Parel Ground Road: Rs 770 per sq.ft (2024)
• Ram Nagar: Rs 1,400 per sq.ft (2024)
• Ramar Koil Street: Rs 870 per sq.ft (2024)
• Rajiv Gandhi Nagar & Annexue-II: Rs 770 per sq.ft (2024)
• Ria Srinivasa Plams: Rs 1,320 per sq.ft (2024)
• Royal Garden: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ramdosspuram & Streets

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. 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 Ramdosspuram & Streets?

The Avadi Sub Registrar Office covers Ramdosspuram & Streets. The office is 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-B

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Ramdosspuram & Streets?

The current guideline value of Ramdosspuram & Streets is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, showing an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Ramdosspuram & Streets?

For a 1,000 sq.ft plot valued at Rs 770 per sq.ft, the total guideline value is Rs 7,70,000. The stamp duty is Rs 53,900, and the registration fee is Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office is responsible for Ramdosspuram & Streets?

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

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the property is registered at a fair value, which is essential for legal and financial transparency.