Guideline Value for Ram Nagar

Ram Nagar guideline value

The current guideline value of Ram Nagar is Rs 1,195 per sq.ft, as per the 2023 revision. This area falls under Ayyencheri village and is classified as Residential Class I Type - I, with the Gooduvancheri SRO overseeing the registration.

How the guideline value of Ram Nagar has changed

The guideline value of Ram Nagar has undergone several revisions since 2007. In 2007, the value was Rs 310 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 223% rise. However, between 2012 and 2017, the value decreased to Rs 800 per sq.ft, reflecting a 20% drop. The most recent revision in 2023 set the guideline value at Rs 1,195 per sq.ft, representing a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 285%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. Ram Nagar is one of the streets under the jurisdiction of the Gooduvancheri SRO. As of now, there are no other streets in Ayyencheri listed with guideline values.

Stamp duty and registration fee for property in Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value would be Rs 11,95,000. The stamp duty, charged at 7%, would amount to Rs 83,650, while the registration fee at 2% would be Rs 23,900. Together, the total costs would be Rs 1,07,550. It is essential 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 Ram Nagar?

The Sub Registrar Office that covers Ram Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ram Nagar?

The current guideline value of Ram Nagar is Rs 1,195 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 310 per sq.ft to Rs 1,195 per sq.ft in 2023, which is a total increase of 285% over the years.

What is the stamp duty for property in Ram Nagar?

The stamp duty for property in Ram Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri listed with guideline values. Ram Nagar is the only street mentioned under the Gooduvancheri SRO.