Guideline Value for RAMU GARDEN

Ramu Garden guideline value

The current guideline value of Ramu Garden, located in Uthandi village under the Neelankarai SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Ramu Garden has changed

Over the years, the guideline value of Ramu Garden has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 670 per sq.ft. The value then increased to Rs 1,000 per sq.ft in 2012, followed by a significant rise to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Ramu Garden's 2024 guideline value is below this median.

• Ramu Kannan Gunasekaran Garden: Rs 1,100 per sq.ft (2024)
• Ramu, Raja Manickam Thottam: Rs 1,100 per sq.ft (2024)
• Ranganathan Avenue: Rs 4,400 per sq.ft (2024)
• Ranganathan, Neela Garden: Rs 1,100 per sq.ft (2024)
• Ramasubramanian Garden: Rs 1,100 per sq.ft (2024)
• Ramarajamanickam Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ramu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramu Garden?

Ramu Garden falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Uthandi. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer approaches the registration office, the guideline value is assessed to calculate the applicable charges. This ensures that the fees are based on the official valuation of the property rather than the negotiated sale price.

Frequently asked questions

What is the current guideline value of Ramu Garden?

The current guideline value of Ramu Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for Ramu Garden?

The stamp duty for a property in Ramu Garden is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 99,000.

Which Sub Registrar Office covers Ramu Garden?

The Neelankarai Sub Registrar Office covers Ramu Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Ramu Garden?

Ramu Garden is classified under Residential Class III Type - I according to the guideline value register.