Guideline Value for Ramalinga Adigalar 2nd Street

Ramalinga Adigalar 2nd Street guideline value

The current guideline value of Ramalinga Adigalar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Ramalinga Adigalar 2nd Street has changed

The guideline value for Ramalinga Adigalar 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The most recent change from 2023 to 2024 reflects a 10% increase.

Guideline values in Chitlapakkam

In Chitlapakkam village, there are a total of 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is the same as the guideline value for Ramalinga Adigalar 2nd Street.

• Ramalinga Adigalar Ist Cross Street: Rs 1,650 per sq.ft (2024)
• RamaKrishna street,santhi avenue: Rs 2,750 per sq.ft (2024)
• Ramalinga Adigalar Street: Rs 2,750 per sq.ft (2024)
• Ramalingahadikal street: Rs 1,650 per sq.ft (2024)
• Ramakrishnapuram Kambar Street: Rs 1,650 per sq.ft (2024)
• Ramakrishnapuram 7th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalinga Adigalar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500 and the registration fee at 2% would be Rs 33,000, making the total amount Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Ramalinga Adigalar 2nd Street?

The Sub Registrar Office that covers Ramalinga Adigalar 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Chitlapakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from real estate transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This ensures transparency and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Ramalinga Adigalar 2nd Street?

The current guideline value of Ramalinga Adigalar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Ramalinga Adigalar 2nd Street?

Ramalinga Adigalar 2nd Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.