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 property is located in Santhavellur_C 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 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 300 per sq.ft. The 2024 revision also maintained the value at Rs 300 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Ramakka Chathiram's 2024 figure below that median.

• Rajaveethi: Rs 250 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Samten: Rs 1,000 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 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 is charged at 7%, which totals Rs 21,000, and the registration fee at 2% amounts to Rs 6,000. Together, these fees amount to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

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. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should 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 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 increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the median guideline value in Santhavellur_C?

The median guideline value in Santhavellur_C is Rs 350 per sq.ft, with Ramakka Chathiram's 2024 value being below this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000, resulting in a stamp duty of Rs 21,000 and a registration fee of Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Ramakka Chathiram?

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