Guideline Value for RAMESH NAGAR PART II

Ramesh Nagar Part II guideline value

The current guideline value of Ramesh Nagar Part II is Rs 720 per sq.ft. This area is located in Sriperumbudur C village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - IV.

How the guideline value of Ramesh Nagar Part II has changed

The guideline value for Ramesh Nagar Part II has undergone several revisions since 2017. In the 2017 revision, the value was set at Rs 475 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 720 per sq.ft. The most recent revision in 2024 maintained this value at Rs 720 per sq.ft, reflecting no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 52% increase in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Sriperumbudur C

In Sriperumbudur C, there are 63 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value across these streets is Rs 720 per sq.ft, which is equal to the guideline value of Ramesh Nagar Part II.

• R K Avenue Part I: Rs 2,000 per sq.ft (2024)
• R K Avenue Part II: Rs 2,000 per sq.ft (2024)
• Santhana Ganapathi Nagar: Rs 720 per sq.ft (2024)
• Shri Guru Ganesh Avenue: Rs 1,200 per sq.ft (2024)
• Sree Balaji Avenue: Rs 1,200 per sq.ft (2024)
• Temple Town: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Ramesh Nagar Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees together to Rs 64,800. It is important to note that the 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 Ramesh Nagar Part II?

The Sub Registrar Office that covers Ramesh Nagar Part II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Sriperumbudur C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable taxes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramesh Nagar Part II?

The current guideline value of Ramesh Nagar Part II is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 720 per sq.ft from 2017 to 2024, with a significant increase of 52% from Rs 475 per sq.ft in 2017 to Rs 720 per sq.ft in 2023 and 2024.

Are there any years without a guideline value for Ramesh Nagar Part II?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Ramesh Nagar Part II.

What is the stamp duty rate for property transactions in Ramesh Nagar Part II?

The stamp duty rate for property transactions in Ramesh Nagar Part II is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ramesh Nagar Part II?

The Sub Registrar Office for Ramesh Nagar Part II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about it online.