Guideline Value for Ramadoss Street

Ramadoss Street guideline value

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

How the guideline value of Ramadoss Street has changed

Over the years, the guideline value of Ramadoss Street has seen significant revisions. The 2012 revision set the value at Rs 4,200 per sq.ft, which then decreased to Rs 2,814 per sq.ft in 2017. Following this, the 2023 revision marked an increase to Rs 4,200 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 4,600 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has risen by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, 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, with a median value of Rs 3,600 per sq.ft. The guideline value of Ramadoss Street is above this median.

• Ramachandren 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 Ramadoss Street

For a 1,000 sq.ft plot at the current rate of Rs 4,600 per sq.ft, the guideline value amounts to Rs 46,00,000. The stamp duty at 7% is Rs 3,22,000, and the registration fee at 2% is Rs 92,000, totaling Rs 4,14,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ramadoss Street?

The Sub Registrar Office that covers Ramadoss Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Ambattur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction reflects a fair value in accordance with government regulations. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramadoss Street?

The current guideline value of Ramadoss 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 increased 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 Ramadoss Street?

Ramadoss Street is classified as Mixed Type - I land.

Where can I find the registration office for Ramadoss Street?

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

How is the stamp duty calculated for properties in Ramadoss Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at 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.