Guideline Value for Ramakrishnapuram 3rd Main road

Ramakrishnapuram 3rd Main road guideline value

The current guideline value for Ramakrishnapuram 3rd Main road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Adambakkam village under the Alandur SRO, and the land classification is Residential Class II Type - I.

How the guideline value of Ramakrishnapuram 3rd Main road has changed

The guideline value for Ramakrishnapuram 3rd Main road has seen several revisions over the years. In 2002, the value was Rs 259 per sq.ft, which increased to Rs 296 per sq.ft in 2003, marking a change of +14%. The value further rose significantly to Rs 900 per sq.ft in 2007, reflecting an increase of +204%. By 2012, the value was Rs 3,000 per sq.ft, showing a substantial increase of +233% from the previous revision. However, it decreased to Rs 2,010 per sq.ft in 2017, a drop of -33%. The value then increased to Rs 3,000 per sq.ft in 2023, followed by a rise to the current value of Rs 3,300 per sq.ft in 2024, which is a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +1,174%. There are no figures available for other revisions for this street in the register.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, placing Ramakrishnapuram 3rd Main road below this median.

• Ramakrishnapuram 3rd Street: Rs 3,900 per sq.ft (2024)
• Ramakrishnapuram 2nd Street: Rs 3,900 per sq.ft (2024)
• Ramakrishnapuram 3rd street Extension: Rs 3,900 per sq.ft (2024)
• Ramakrishnapuram 1st Street: Rs 3,900 per sq.ft (2024)
• Ramakrishnapuram 1st Main Road: Rs 3,900 per sq.ft (2024)
• Ramakishna Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishnapuram 3rd Main road

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 more accurate calculations.

Which Sub Registrar Office covers Ramakrishnapuram 3rd Main road?

The Sub Registrar Office that covers Ramakrishnapuram 3rd Main road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Adambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ramakrishnapuram 3rd Main road?

The current guideline value for Ramakrishnapuram 3rd Main road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 259 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +1,174% over the years.

What is the land classification for Ramakrishnapuram 3rd Main road?

The land classification for Ramakrishnapuram 3rd Main road is Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Ramakrishnapuram 3rd Main road located?

The Sub Registrar Office for Ramakrishnapuram 3rd Main road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.