Guideline Value for Ramalinga Adigalar Street

Ramalinga Adigalar Street guideline value

The current guideline value of Ramalinga Adigalar Street is Rs 2,750 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 - II.

How the guideline value of Ramalinga Adigalar Street has changed

Over the years, the guideline value of Ramalinga Adigalar Street has seen several revisions. The earliest recorded revision was in 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 2,750 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. There was a significant increase of 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. For the years 2002, 2003, and 2007, the register has no figure for this street in it.

Guideline values in Chitlapakkam

Chitlapakkam village has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values 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, making the current guideline value of Ramalinga Adigalar Street above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total charges Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramalinga Adigalar Street?

The Sub Registrar Office that covers Ramalinga Adigalar 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 in the registration process when buying or selling property in Chitlapakkam. It is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ramalinga Adigalar Street?

The current guideline value of Ramalinga Adigalar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. It was Rs 1,675 per sq.ft in 2017, indicating a 49% increase from that year to 2023.

What is the land classification for Ramalinga Adigalar Street?

Ramalinga Adigalar Street is classified as Residential Class I Type - II. This classification is important for determining the types of properties that can be developed in the area.

Where can I find the registration office for this street?

The registration office covering Ramalinga Adigalar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties on Ramalinga Adigalar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.