Guideline Value for Ram Barathi Street

Ram Barathi Street guideline value

The current guideline value of Ram Barathi Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I land.

How the guideline value of Ram Barathi Street has changed

The guideline value for Ram Barathi Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,200 per sq.ft, which was followed by a decrease to Rs 2,814 per sq.ft in the 2017 revision. In the subsequent 2023 revision, the value increased to Rs 4,200 per sq.ft, and the latest revision in 2024 has raised it to Rs 4,600 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The most recent increase from 2023 to 2024 is 10% as well.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, making Ram Barathi Street's 2024 figure of Rs 4,600 per sq.ft above that median.

• Ramar Kovil Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Ramapuram Kumaran Street: Rs 3,600 per sq.ft (2024)
• Ramapuram kannagi Street: Rs 3,600 per sq.ft (2024)
• Raman Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Ramanathan Street: Rs 4,600 per sq.ft (2024)
• Ramamoorthy muthaliar Street (Ramapuram): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Barathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total cost for these fees to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ram Barathi Street?

The Sub Registrar Office that covers Ram Barathi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ambattur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure they are complying with local regulations during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ram Barathi Street?

The current guideline value of Ram Barathi Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then back to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What are the other streets in Ambattur with similar guideline values?

Other streets in Ambattur include Ramar Kovil Street, Ramapuram Kumaran Street, and Ramanathan Street, all of which have a 2024 guideline value of Rs 3,600 per sq.ft, except for Ramanathan Street, which matches Ram Barathi Street at Rs 4,600 per sq.ft.

Where can I find the Sub Registrar Office for Ram Barathi Street?

The Sub Registrar Office for Ram Barathi Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, if the guideline value is Rs 46,00,000, the stamp duty at 7% would amount to Rs 3,22,000.