Guideline Value for RamaKrishna street,santhi avenue

RamaKrishna street,santhi avenue guideline value

The current guideline value of RamaKrishna street,santhi avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of RamaKrishna street,santhi avenue has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 1,675 per sq.ft, marking a decrease of 33%. The value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, followed by another increase to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%, indicating a notable shift in the valuation of this street over the years.

Guideline values in Chitlapakkam

In Chitlapakkam village, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning RamaKrishna street,santhi avenue above this median with its current value of Rs 2,750 per sq.ft.

• Ramalinga Adigalar 2nd Street: Rs 1,650 per sq.ft (2024)
• Ramalinga Adigalar Ist Cross Street: Rs 1,650 per sq.ft (2024)
• Ramakrishnapuram Kambar Street: Rs 1,650 per sq.ft (2024)
• Ramalinga Adigalar Street: Rs 2,750 per sq.ft (2024)
• Ramakrishnapuram 7th Street: Rs 1,650 per sq.ft (2024)
• Ramalingahadikal street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in RamaKrishna street,santhi avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RamaKrishna street,santhi avenue?

The Sub Registrar Office that covers RamaKrishna street,santhi avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is an essential factor when registering a property in Chitlapakkam. It determines the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of RamaKrishna street,santhi avenue?

The current guideline value of RamaKrishna street,santhi avenue is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for RamaKrishna street,santhi avenue?

The land classification for RamaKrishna street,santhi avenue is Residential Class I Type - II.

What other streets have guideline values in Chitlapakkam?

Other streets in Chitlapakkam include Ramalinga Adigalar 2nd Street, Ramalinga Adigalar Ist Cross Street, Ramakrishnapuram Kambar Street, Ramalinga Adigalar Street, Ramakrishnapuram 7th Street, and Ramalingahadikal street, with various guideline values.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for RamaKrishna street,santhi avenue is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.