Guideline Value for Ramachandran Street

Ramachandran Street guideline value

The current guideline value of Ramachandran Street in Kathirvedu village, under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Ramachandran Street has changed

The guideline value for Ramachandran Street has seen significant changes over the years. In the 2002 revision, the value was Rs 67 per sq.ft, which increased to Rs 90 per sq.ft in 2003. The value then rose to Rs 300 per sq.ft in 2007, followed by a substantial jump to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017, before reaching Rs 1,000 per sq.ft again in 2023. The latest revision in 2024 set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1,542%. The register has no figure for the years between 2017 and 2023.

Guideline values in Kathirvedu

Kathirvedu village has a total of 78 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, placing Ramachandran Street's value below this median.

• Ramji Nagar: Rs 1,500 per sq.ft (2024)
• Redhills Road: Rs 2,800 per sq.ft (2024)
• Raasi Nagar: Rs 1,100 per sq.ft (2024)
• Royal City: Rs 1,400 per sq.ft (2024)
• Sabari Nagar: Rs 1,400 per sq.ft (2024)
• Sathyamurthy Co.Op.Building Society Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ramachandran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramachandran Street?

The Sub Registrar Office that covers Ramachandran Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kathirvedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that buyers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ramachandran Street?

The current guideline value of Ramachandran Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ramachandran Street has increased from Rs 67 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 1,542% over this period.

What are the other guideline values in Kathirvedu?

In Kathirvedu, the guideline values range from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft.

What fees are associated with property transactions in Ramachandran Street?

For a property in Ramachandran Street, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ramachandran Street located?

The Sub Registrar Office for Ramachandran Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.