Guideline Value for Ram Nagar

Ram Nagar guideline value

The current guideline value of Ram Nagar, located in Attanthangal village under the Redhills SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ram Nagar has changed

The guideline value of Ram Nagar has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 536 per sq.ft. The value rose significantly to Rs 800 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 880 per sq.ft. There are no figures available for the revisions in 2002 and 2003 for this street.

Between the revisions, the changes are notable. From 2007 to 2012, the value increased by 60%, but then it dropped by 33% from 2012 to 2017. Following that, there was a substantial increase of 49% from 2017 to 2023, and finally, a 10% rise from 2023 to 2024. Overall, the guideline value has increased by 76% from 2007 to 2024.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with a median value of Rs 880 per sq.ft. Ram Nagar's 2024 figure aligns with this median value.

• Sakthi Nagar: Rs 880 per sq.ft (2024)
• Sakthivel Nagar: Rs 880 per sq.ft (2024)
• Sathya Nagar: Rs 880 per sq.ft (2024)
• Seetha Lakshmi Nagar: Rs 440 per sq.ft (2024)
• S.P.M. Nagar: Rs 550 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 880 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, making the total fees together Rs 79,200. 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 more details.

Which Sub Registrar Office covers Ram Nagar?

Ram Nagar falls under the jurisdiction of 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 Attanthangal

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

When a property is registered, the guideline value is considered to ensure that the transaction is in accordance with government regulations. Buyers and sellers should be aware of the current guideline value to accurately calculate the associated costs during the property transaction.

Frequently asked questions

What is the current guideline value of Ram Nagar?

The current guideline value of Ram Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 76% over the years.

What is the land classification of Ram Nagar?

Ram Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ram Nagar?

The registration office for Ram Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,80,000 would incur a stamp duty of Rs 61,600 and a registration fee of Rs 17,600.