Guideline Value for Ramakka Chathiram

Ramakka Chathiram guideline value

The current guideline value of Ramakka Chathiram is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_B village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ramakka Chathiram has changed

Over the years, the guideline value of Ramakka Chathiram has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft. There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase, indicating that the value has remained stable in the most recent revisions.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, positioning Ramakka Chathiram's 2024 figure below this median.

• Rajaveethi: Rs 250 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Samten: Rs 501 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 850 per sq.ft (2024)
• Perumal Kovil Street: Rs 850 per sq.ft (2024)
• SelvaVinayagar Kovil Street: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramakka Chathiram?

The Sub Registrar Office that covers Ramakka Chathiram is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Santhavellur_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and in accordance with the established legal framework.

Frequently asked questions

What is the current guideline value of Ramakka Chathiram?

The current guideline value of Ramakka Chathiram is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, while it increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase over that period.

What is the median guideline value in Santhavellur_B?

The median guideline value for the 55 streets in Santhavellur_B is Rs 400 per sq.ft, positioning Ramakka Chathiram's value below this median.

What are the stamp duty and registration fees for Ramakka Chathiram?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles the registration for Ramakka Chathiram?

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