Guideline Value for Ramakrishnapuram

Ramakrishnapuram guideline value

The current guideline value of Ramakrishnapuram is Rs 700 per sq.ft, effective from 1 July 2024. This village falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Ramakrishnapuram has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft in the 2023 revision and continues to be Rs 700 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, but from 2023 to 2024, the value remained stable with a change of +0%. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with the median being Rs 700 per sq.ft. The guideline value for Ramakrishnapuram aligns with this median.

• Ramanjuar Nagar Part II: Rs 1,000 per sq.ft (2024)
• Ramanujar IIIrd Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar IInd Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar Ist Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar IV th Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar Main Salai: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishnapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total fees together Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramakrishnapuram?

The Sub Registrar Office that covers Ramakrishnapuram is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It determines the minimum value at which the property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value. This value is essential for both buyers and sellers to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Ramakrishnapuram?

The current guideline value of Ramakrishnapuram is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It remained unchanged from 2023 to 2024, but the value was Rs 469 per sq.ft in 2017.

What are the other streets in Sriperumbudur A with their guideline values?

Other streets in Sriperumbudur A include Ramanjuar Nagar Part II, Ramanujar IIIrd Cross Street, Ramanujar IInd Cross Street, Ramanujar Ist Cross Street, Ramanujar IV th Cross Street, and Ramanujar Main Salai, with values ranging from Rs 1,000 to Rs 1,200 per sq.ft.

Where can I find the Sub Registrar Office for Ramakrishnapuram?

The Sub Registrar Office for Ramakrishnapuram is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ramakrishnapuram?

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