Guideline Value for Ramakka Chathiram

Ramakka Chathiram guideline value

The current guideline value of Ramakka Chathiram is Rs 305 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ramakka Chathiram has changed

The guideline value for Ramakka Chathiram has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which was a decrease of 33% from Rs 201 per sq.ft in the 2017 revision. In the subsequent 2017 revision, the value increased significantly to Rs 300 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw a slight increase to Rs 305 per sq.ft, reflecting a 2% change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing the guideline value of Ramakka Chathiram below this median.

• Rajaveethi: Rs 250 per sq.ft (2024)
• Radha Garden: Rs 2,400 per sq.ft (2024)
• Saar Grand Magnum City: Rs 2,005 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Prime City: Rs 670 per sq.ft (2024)
• Samten: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakka Chathiram

For a 1,000 sq.ft plot at the current guideline value of Rs 305 per sq.ft, the total guideline value would be Rs 3,05,000. The stamp duty at 7% would amount to Rs 21,350, and the registration fee at 2% would be Rs 6,100, bringing the total to Rs 27,450. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ramakka Chathiram?

The Sub Registrar Office covering Ramakka Chathiram is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical reference point used during property registration in Santhavellur. When a property is bought or sold, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that the transaction adheres to local regulations.

It is essential for buyers and sellers to be aware of the current guideline values as they influence the overall cost of property transactions. Proper understanding of these values can aid in budgeting for additional costs associated with buying or selling property.

Frequently asked questions

What is the current guideline value of Ramakka Chathiram?

The current guideline value of Ramakka Chathiram is Rs 305 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 2012 value at Rs 300 per sq.ft, increasing to Rs 300 in 2023, and then to Rs 305 in 2024. The 2017 revision was Rs 201 per sq.ft, showing a significant increase over the years.

What is the land classification for Ramakka Chathiram?

Ramakka Chathiram is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ramakka Chathiram?

The Sub Registrar Office for Ramakka Chathiram is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ramakka Chathiram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,05,000, the stamp duty would be Rs 21,350 at 7%, along with a registration fee of Rs 6,100 at 2%.