Guideline Value for Ram Poornam Nagar -1

Ram Poornam Nagar -1 guideline value

The current guideline value of Ram Poornam Nagar -1 is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class II Type - II.

How the guideline value of Ram Poornam Nagar -1 has changed

The guideline value for Ram Poornam Nagar -1 has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision, reflecting an 8% change. Looking further back, the value was Rs 804 per sq.ft in 2017, marking a significant 49% increase to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 62%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. Ram Poornam Nagar -1's current guideline value is below this median.

• Ram Poornam Nagar -2: Rs 1,300 per sq.ft (2024)
• Ram Poornam Nagar Extention: Rs 1,300 per sq.ft (2024)
• Reddy Street: Rs 1,600 per sq.ft (2024)
• Renganathan Street: Rs 1,600 per sq.ft (2024)
• Roja Street: Rs 2,200 per sq.ft (2024)
• Royal Avalon: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Poornam Nagar -1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ram Poornam Nagar -1?

The Sub Registrar Office that covers Ram Poornam Nagar -1 is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role during the registration of property transactions in 5. Athipattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the local market conditions.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly affects the costs associated with the transaction. Buyers should ensure that they are prepared for these costs, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Ram Poornam Nagar -1?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, which is a total increase of 62% over the years.

What are the other streets in 5. Athipattu?

Other streets in 5. Athipattu include Ram Poornam Nagar -2 and Ram Poornam Nagar Extention, both at Rs 1,300 per sq.ft, as well as Reddy Street and Renganathan Street at Rs 1,600 per sq.ft, among others.

What is the registration fee for property in Ram Poornam Nagar -1?

The registration fee for property in Ram Poornam Nagar -1 is calculated based on the guideline value. For example, a property valued at Rs 13,00,000 would incur a registration fee of Rs 26,000.

Where can I find my Sub Registrar Office?

The Konnur Sub Registrar Office covers Ram Poornam Nagar -1 and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more information by visiting the provided link.