Guideline Value for Ramachandrapillai 2nd Street

Ramachandrapillai 2nd Street guideline value

The current guideline value of Ramachandrapillai 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ramachandrapillai 2nd Street has changed

The guideline value for Ramachandrapillai 2nd Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It's important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 revision of Rs 1,320 per sq.ft is significant as it matches the median value of Rs 1,320 per sq.ft for other streets in Pozhichalur.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, which is the same as the guideline value for Ramachandrapillai 2nd Street.

• Ramachandrapillai 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is essential to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ramachandrapillai 2nd Street?

The Sub Registrar Office that covers Ramachandrapillai 2nd 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 information.

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

The guideline value is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the registration fees and stamp duties are calculated accordingly.

When you buy or sell property, the guideline value helps in maintaining transparency in transactions. It is important to be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Ramachandrapillai 2nd Street?

The current guideline value of Ramachandrapillai 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty for property in Ramachandrapillai 2nd Street?

The stamp duty for property in Ramachandrapillai 2nd Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

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

What is the land classification for Ramachandrapillai 2nd Street?

Ramachandrapillai 2nd Street is classified as Residential Class I Type - II.