Guideline Value for Ramachandrapillai Aveune

Ramachandrapillai Aveune guideline value

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

How the guideline value of Ramachandrapillai Aveune has changed

The guideline value for Ramachandrapillai Aveune has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a significant rise of 101%. The value then rose to Rs 1,200 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, representing a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

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 is Rs 1,320 per sq.ft, which is the same as the guideline value for Ramachandrapillai Aveune.

• Ramachandrapillai 2nd Street: Rs 1,320 per sq.ft (2024)
• Ramachandrapillai 1st Street: 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 Aveune

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, 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 duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramachandrapillai Aveune?

The Ramachandrapillai Aveune is covered by 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 in property transactions in Pozhichalur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

Additionally, the guideline value helps ensure transparency in property transactions, providing a standardized reference for buyers and sellers. It is essential for both parties to be aware of the current guideline value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Ramachandrapillai Aveune?

The current guideline value of Ramachandrapillai Aveune 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 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 230% over the years.

What are the stamp duty and registration fees for property in Ramachandrapillai Aveune?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Ramachandrapillai Aveune?

The Pammal Sub Registrar Office covers Ramachandrapillai Aveune, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties and is essential for calculating stamp duty and registration fees during property transactions.