Guideline Value for RAMN ST

Ramn St guideline value

The current guideline value of Ramn St is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ramn St has changed

The guideline value for Ramn St has seen several revisions over the years. In 2012, the value was set at Rs 650 per sq.ft, which then decreased to Rs 435 per sq.ft in 2017. Following this, the value increased significantly to Rs 650 per sq.ft in 2023, and then rose again to Rs 810 per sq.ft in 2024, marking a 25% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Ramn St at Rs 810 per sq.ft is below this median.

• Ramesh Nagar: Rs 1,105 per sq.ft (2024)
• Reddyar Garden: Rs 935 per sq.ft (2024)
• Reddy Street: Rs 810 per sq.ft (2024)
• Ramanujam Street (West): Rs 1,625 per sq.ft (2024)
• Ramanujam Street: Rs 1,625 per sq.ft (2024)
• Ramanujam 5th Cross St: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Ramn St

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value would be Rs 8,10,000. The stamp duty at 7% would be Rs 56,700, and the registration fee at 2% would be Rs 16,200, making the total cost for these fees Rs 72,900. Remember, 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 details.

Which Sub Registrar Office covers Ramn St?

The Sub Registrar Office that covers Ramn St is 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 Vilingiyambakkam

The guideline value is a crucial factor in the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is important to note that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the overall transaction costs.

Frequently asked questions

What is the current guideline value of Ramn St?

The current guideline value of Ramn St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification of Ramn St?

Ramn St is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Ramn St?

The Sub Registrar Office for Ramn St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,10,000, the stamp duty would be Rs 56,700 at 7%.