Guideline Value for Ramakrishna Avenue

Ramakrishna Avenue guideline value

The current guideline value of Ramakrishna Avenue is Rs 700 per sq.ft. This street is located in Vengadamangalam village, under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ramakrishna Avenue has changed

Over the years, the guideline value of Ramakrishna Avenue has experienced several revisions. The most recent revision in 2023 set the guideline value at Rs 700 per sq.ft. This is an increase from Rs 469 per sq.ft in the 2017 revision, marking a change of +49%. However, from the 2012 revision, which was also Rs 700 per sq.ft, there has been no overall change in the guideline value from 2012 to 2023.

Looking further back, the 2017 revision saw a decrease from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft, a change of -33%. It is important to note that the register has no figures for the revisions in 2024, 2007, 2003, and 2002 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Ramakrishna Avenue is part of the broader context of guideline values in the village, but no other streets in Vengadamangalam have been listed with their respective rates.

Stamp duty and registration fee for property in Ramakrishna Avenue

For a plot size of 1,000 sq.ft at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramakrishna Avenue?

The Gooduvancheri Sub Registrar Office covers Ramakrishna Avenue. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings, as the fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ramakrishna Avenue?

The current guideline value of Ramakrishna Avenue is Rs 700 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 700 per sq.ft to Rs 469 per sq.ft, a change of -33%. However, from 2017 to 2023, it increased by +49% back to Rs 700 per sq.ft.

What is the registration fee for property in Ramakrishna Avenue?

The registration fee for property in Ramakrishna Avenue is calculated based on the guideline value. For a property valued at Rs 7,00,000, the registration fee at 2% would be Rs 14,000.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vengadamangalam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000.