Guideline Value for RAMYA GARDEN

Ramya Garden guideline value

The current guideline value of Ramya Garden, located in Sholavaram village under the Redhills SRO, is Rs 770 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ramya Garden has changed

The guideline value for Ramya Garden has undergone several revisions over the years. However, the register has no figure for this street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 770 per sq.ft.

Since there are no figures available for the previous revisions, we can only confirm the current rate from the 2024 revision. There have been no changes between the revisions listed above.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 515 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Ramya Garden's 2024 figure above that median.

• R.D.Taaj City: Rs 550 per sq.ft (2024)
• Sai Balaji Nagar: Rs 660 per sq.ft (2024)
• Sakthi Avenue: Rs 550 per sq.ft (2024)
• Rajaraja Chozhan Puthu Nagar: Rs 550 per sq.ft (2024)
• Rajaraja Chozhan Pudhu Nagar Part-II: Rs 550 per sq.ft (2024)
• Puthar Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ramya Garden

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, charged at 7%, would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, these charges would total Rs 69,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ramya Garden?

The Sub Registrar Office that covers Ramya Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sholavaram. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value may differ from the sale price.

When registering a property, the buyer is required to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Ramya Garden?

The current guideline value for Ramya Garden is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The register has no figure for Ramya Garden in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 770 per sq.ft.

What is the median guideline value for streets in Sholavaram?

The median guideline value for the 98 streets in Sholavaram under the Redhills SRO is Rs 660 per sq.ft.

What are the stamp duty and registration fees for property in Ramya Garden?

The stamp duty for a property valued at Rs 7,70,000 would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Where is the Sub Registrar Office for Ramya Garden located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.