Guideline Value for Ramachandrapillai 1st Street

Ramachandrapillai 1st Street guideline value

The current guideline value of Ramachandrapillai 1st Street in Pozhichalur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office and is classified as Residential Class I Type - II.

How the guideline value of Ramachandrapillai 1st Street has changed

The guideline value for Ramachandrapillai 1st Street has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Ramachandrapillai 1st Street.

• Ramachandrapillai 2nd Street: Rs 1,320 per sq.ft (2024)
• Ramachandrapillai Avenue: Rs 1,320 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,100 per sq.ft (2024)
• Rajivgandhi Nagar Extn.,: Rs 1,100 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 1,100 per sq.ft (2024)
• Ramanathan Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ramachandrapillai 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramachandrapillai 1st Street?

The Sub Registrar Office that covers Ramachandrapillai 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate transactions. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ramachandrapillai 1st Street?

The current guideline value of Ramachandrapillai 1st Street is Rs 1,320 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 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Ramachandrapillai 1st Street?

Ramachandrapillai 1st Street is classified as Residential Class I Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pozhichalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.