Guideline Value for Ramakrishna Nagar 4th Street - Cross Road

Ramakrishna Nagar 4th Street - Cross Road guideline value

The current guideline value of Ramakrishna Nagar 4th Street - Cross Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Ramakrishna Nagar 4th Street - Cross Road has changed

Over the years, the guideline value for Ramakrishna Nagar 4th Street - Cross Road has seen several revisions. The earliest recorded figure is from 2012, which was Rs 3,600 per sq.ft. In 2017, the guideline value decreased to Rs 2,412 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,600 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, which is the same as the current value for Ramakrishna Nagar 4th Street - Cross Road.

• Ramakrishna Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Ramakrishna Nagar 5th Street: Rs 3,960 per sq.ft (2024)
• Ramakrishna Nagar 5th Street - 1st Cross Street: Rs 3,960 per sq.ft (2024)
• Ramakrishna Nagar 5th Street - 2nd Cross Street: Rs 3,960 per sq.ft (2024)
• Ramakrishna Nagar 3rd Street - 2nd Cross Street: Rs 3,960 per sq.ft (2024)
• Ramakrishna Nagar 6th Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Nagar 4th Street - Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total fees together to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramakrishna Nagar 4th Street - Cross Road?

The Sub Registrar Office that covers Ramakrishna Nagar 4th Street - Cross Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the financial obligations involved in property transactions.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar 4th Street - Cross Road?

The current guideline value of Ramakrishna Nagar 4th Street - Cross Road is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024. It was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with the same guideline value of Rs 3,960 per sq.ft include Ramakrishna Nagar 5th Street, Ramakrishna Nagar 5th Street - 1st Cross Street, Ramakrishna Nagar 5th Street - 2nd Cross Street, and Ramakrishna Nagar 6th Street.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Porur?

Stamp duty for properties in Porur is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.