Guideline Value for Ramachandren Street

Ramachandren Street guideline value

The current guideline value of Ramachandren Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I land.

How the guideline value of Ramachandren Street has changed

Over the years, the guideline value of Ramachandren Street has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 4,200 per sq.ft. This was followed by a decrease to Rs 2,814 per sq.ft in 2017. The value then increased significantly to Rs 4,200 per sq.ft in 2023, and finally reached Rs 4,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, positioning Ramachandren Street's 2024 figure above the median.

• Ramadoss Street: Rs 4,600 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 3,600 per sq.ft (2024)
• Ramamoorthy muthaliar Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Rajimudali Street: Rs 4,000 per sq.ft (2024)
• Ramanathan Street: Rs 4,600 per sq.ft (2024)
• Raman Street (Ramapuram): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ramachandren Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, totaling Rs 4,14,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ramachandren Street?

The Sub Registrar Office that covers Ramachandren 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 details.

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

The guideline value is a crucial component in the registration process for property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties agree on a fair price for the transaction. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramachandren Street?

The current guideline value of Ramachandren Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Ramachandren Street?

Ramachandren Street is classified as Mixed Type - I land.

Where can I find the Sub Registrar Office for Ramachandren Street?

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

How is the stamp duty calculated for property in Ramachandren Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000.