Guideline Value for Ram Nagar

Ram Nagar guideline value

The current guideline value of Ram Nagar in Mannoor village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Ram Nagar has changed

The guideline value for Ram Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 130 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision. However, the value then decreased to Rs 201 per sq.ft in the 2017 revision. The subsequent revisions in 2023 and 2024 maintained the value at Rs 300 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The overall change from 2007 to 2024 reflects a substantial increase of 131% in the guideline value for this street.

Guideline values in Mannoor

Mannoor village has 56 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median value in the village is Rs 250 per sq.ft, placing Ram Nagar's 2024 figure above this median.

• Ramji Street: Rs 250 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Rajaji Nagar: Rs 500 per sq.ft (2024)
• Sanjeevi Nagar: Rs 200 per sq.ft (2024)
• Poonthottam Street: Rs 200 per sq.ft (2024)
• Polatchiyamman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Ram Nagar?

The Sub Registrar Office covering Ram Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannoor. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ram Nagar?

The current guideline value of Ram Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. The value was Rs 201 per sq.ft in 2017 and Rs 130 per sq.ft in 2007.

What is the median guideline value in Mannoor?

The median guideline value in Mannoor is Rs 250 per sq.ft, with Ram Nagar's current value being above this figure.

What are the stamp duty and registration fees for property in Ram Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Ram Nagar located?

The Sub Registrar Office for Ram Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.