Guideline Value for Ramadoss Nagar

Ramadoss Nagar guideline value

The current guideline value of Ramadoss Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Ramadoss Nagar has changed

Over the years, the guideline value of Ramadoss Nagar has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in 2017. Following this, the value increased to Rs 500 per sq.ft in 2023, and it further rose to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street in 2002, 2003, or 2007.

From 2017 to 2023, there was a significant increase of 49%, and from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, making the current guideline value of Ramadoss Nagar below that median.

• Rajeswari Street: Rs 830 per sq.ft (2024)
• Ramar Street: Rs 830 per sq.ft (2024)
• Rajaram Street: Rs 830 per sq.ft (2024)
• Rajaji Street: Rs 830 per sq.ft (2024)
• Ragulan Street: Rs 830 per sq.ft (2024)
• Raghulamman Koil Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Ramadoss Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total cost of Rs 49,500. It is important to note that the 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 Ramadoss Nagar?

The Sub Registrar Office that covers Ramadoss Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramadoss Nagar?

The current guideline value of Ramadoss Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Ramadoss Nagar?

Ramadoss Nagar is classified as Residential Class I Type - III.

What are the other streets in Agaramthen with their guideline values?

Other streets in Agaramthen include Rajeswari Street, Ramar Street, Rajaram Street, Rajaji Street, Ragulan Street, and Raghulamman Koil Street, all with a guideline value of Rs 830 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Ramadoss Nagar?

The Sub Registrar Office for Ramadoss Nagar is located at No.26, mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.