Guideline Value for Ram Ravi Nagar

Ram Ravi Nagar guideline value

The current guideline value of Ram Ravi Nagar in Nenmeli village is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Mixed Type - II.

How the guideline value of Ram Ravi Nagar has changed

According to the register, there have been several revisions for the guideline value of Ram Ravi Nagar. The 2023 revision set the value at Rs 800 per sq.ft, which remains unchanged in the 2024 revision. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, the guideline value has shown a change of +0%. The consistent value of Rs 800 per sq.ft across these two revisions indicates stability in the guideline value for this street.

Guideline values in Nenmeli

In Nenmeli, there are 53 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 612 per sq.ft, placing Ram Ravi Nagar's 2024 figure above this median.

• Reputes Prosperity Avenue: Rs 600 per sq.ft (2024)
• Raj Garden: Rs 500 per sq.ft (2024)
• Rajeswari Nagar: Rs 550 per sq.ft (2024)
• Sai City: Rs 800 per sq.ft (2024)
• Sailakshmi Nagar: Rs 600 per sq.ft (2024)
• Sai Ram Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ram Ravi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total charges Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ram Ravi Nagar?

Ram Ravi Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nenmeli. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that all fees are calculated fairly based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ram Ravi Nagar?

The current guideline value of Ram Ravi Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ram Ravi Nagar has remained at Rs 800 per sq.ft from the 2023 revision to the 2024 revision, showing no change. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Nenmeli?

The median guideline value in Nenmeli is Rs 612 per sq.ft. Ram Ravi Nagar's guideline value of Rs 800 per sq.ft is above this median.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ram Ravi Nagar located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Ram Ravi Nagar.