Guideline Value for RAMDOSSPURAM PAREL GROUND ROAD

Ramdosspuram Parel Ground Road guideline value

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

How the guideline value of Ramdosspuram Parel Ground Road has changed

The guideline value for Ramdosspuram Parel Ground Road has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry 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 is the same as the guideline value for Ramdosspuram Parel Ground Road.

• Ramdosspuram & Streets: 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 Parel Ground Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 information.

Which Sub Registrar Office covers Ramdosspuram Parel Ground Road?

The Sub Registrar Office that covers Ramdosspuram Parel Ground Road is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor in property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines.

Frequently asked questions

What is the current guideline value of Ramdosspuram Parel Ground Road?

The current guideline value of Ramdosspuram Parel Ground Road is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, a total increase of 64%. The value rose from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024, marking a 10% increase.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Ramdosspuram Parel Ground Road?

The Avadi Sub Registrar Office handles property registrations for Ramdosspuram Parel Ground Road. The office is 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 in property transactions?

The guideline value is used to determine the minimum value for property registration, impacting the calculation of stamp duty and registration fees. It ensures that property transactions are conducted fairly and in accordance with local regulations.