Guideline Value for RamaChandra Road

RamaChandra Road guideline value

The current guideline value of RamaChandra Road is Rs 13,500 per sq.ft, effective from 1 July 2024. This road is located in Egmore village and falls under the Periamet SRO with a land classification of Commercial Special Type - III.

How the guideline value of RamaChandra Road has changed

The guideline value for RamaChandra Road has seen significant changes over the years. In 2002, the value was Rs 907 per sq.ft, which increased to Rs 1,000 per sq.ft in 2003. Following this, the value rose to Rs 2,000 per sq.ft in 2007, marking a 100% increase from the previous year. The value then experienced a substantial rise to Rs 12,300 per sq.ft in 2012, reflecting a 515% increase from 2007. However, it decreased to Rs 8,241 per sq.ft in 2017, a decline of 33% from the 2012 figure. The value then increased to Rs 12,300 per sq.ft in 2023, before reaching the current rate of Rs 13,500 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1388%. There are no figures available for the revisions in the years not mentioned in the register for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, and RamaChandra Road's 2024 figure is above this median.

• Ramanathan chetty street: Rs 11,000 per sq.ft (2024)
• Ramanathan salai: Rs 13,400 per sq.ft (2024)
• RajaRathinam Street: Rs 13,400 per sq.ft (2024)
• Rajammal Street: Rs 3,400 per sq.ft (2024)
• Rajammal Lane: Rs 3,400 per sq.ft (2024)
• Rangachari Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in RamaChandra Road

For a 1,000 sq.ft plot at the current rate of Rs 13,500 per sq.ft, the guideline value amounts to Rs 1,35,00,000. The stamp duty is charged at 7%, which totals Rs 9,45,000, while the registration fee at 2% amounts to Rs 2,70,000, bringing the total to Rs 12,15,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RamaChandra Road?

The Sub Registrar Office that covers RamaChandra Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of RamaChandra Road?

The current guideline value of RamaChandra Road is Rs 13,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 907 per sq.ft to Rs 13,500 per sq.ft in 2024, reflecting an overall increase of 1388%.

What is the land classification for RamaChandra Road?

The land classification for RamaChandra Road is Commercial Special Type - III.

Where can I find the stamp duty and registration fees for properties?

You can find the stamp duty and registration fees for properties by using the stamp duty and registration fee calculator.

Which office handles the registration for RamaChandra Road?

The registration for RamaChandra Road is handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.