Guideline Value for Ramadoss street

Ramadoss street guideline value

The current guideline value of Ramadoss street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Nariyampakkam village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Ramadoss street has changed

Over the years, the guideline value for Ramadoss street 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 recorded a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the previous figure. Between 2017 and 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. The current guideline value remains the same as the previous two revisions, showing no percentage change from 2023 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Ramadoss street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 250 per sq.ft.

Guideline values in Nariyampakkam

Nariyampakkam village has 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which aligns with the guideline value of Ramadoss street.

• Perumalkoil Street: Rs 250 per sq.ft (2024)
• Seenivasa Nagar: Rs 250 per sq.ft (2024)
• Pallavan street: Rs 250 per sq.ft (2024)
• S.M. Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Sri Ragavendra Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ramadoss street

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, resulting in a total cost of 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 Ramadoss street?

The Sub Registrar Office that covers Ramadoss street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nariyampakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are recorded accurately.

When a property is sold, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ramadoss street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a notable increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the median guideline value for streets in Nariyampakkam?

The median guideline value for streets in Nariyampakkam is Rs 250 per sq.ft, which is the same as the guideline value for Ramadoss street.

What are the stamp duty and registration fees for properties on Ramadoss street?

For a property of 1,000 sq.ft at the guideline value of Rs 250 per sq.ft, the total stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Ramadoss street?

The Sriperumpudur Sub Registrar Office handles property registrations for Ramadoss street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.