Guideline Value for Ramadasss Salai

Ramadasss Salai guideline value

The current guideline value of Ramadasss Salai is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village under the Sunguvarchattram SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Ramadasss Salai has changed

Over the years, the guideline value of Ramadasss Salai has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision saw a decrease to Rs 167 per sq.ft, marking a -33% change from the previous figure. From 2017 to 2023, there was a significant increase of +50%, bringing the value back to Rs 250 per sq.ft. The current 2024 revision again maintains the value at Rs 250 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figure for Ramadasss Salai for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained stable, showing an overall change of +0%.

Guideline values in Malaipattu

Malaipattu village has 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,181 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Ramadasss Salai's 2024 figure above that median.

• Renukambal Street: Rs 150 per sq.ft (2024)
• RLN Metro Square: Rs 1,181 per sq.ft (2024)
• Periyar Street: Rs 150 per sq.ft (2024)
• Pazhavathamman Nagar: Rs 300 per sq.ft (2024)
• Pavazhathamman Street: Rs 200 per sq.ft (2024)
• SriKumaran Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ramadasss Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to 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 Ramadasss Salai?

The Sub Registrar Office that covers Ramadasss Salai is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Malaipattu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and complies with local regulations.

When you register a property, the guideline value is considered to ensure that the correct fees are applied. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramadasss Salai?

The current guideline value of Ramadasss Salai is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft in 2024, unchanged from 2023. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What are the other streets in Malaipattu and their guideline values?

Other streets in Malaipattu have varying guideline values, ranging from Rs 150 to Rs 1,181 per sq.ft. For example, Renukambal Street is Rs 150 per sq.ft, while RLN Metro Square is Rs 1,181 per sq.ft.

What fees are associated with buying property in Ramadasss Salai?

When buying property in Ramadasss Salai, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ramadasss Salai located?

The Sub Registrar Office for Ramadasss Salai is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.