Guideline Value for Ramalinga Adikal Street

Ramalinga Adikal Street guideline value

The current guideline value of Ramalinga Adikal Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Ramalinga Adikal Street has changed

In the 2007 revision, the guideline value was Rs 460 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 226%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, which is a decrease of 33%. The 2023 revision saw the value increase to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 259%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Ramalinga Adikal Street's 2024 figure below this median.

• Ramanar Street: Rs 2,640 per sq.ft (2024)
• Ramadass Street: Rs 2,640 per sq.ft (2024)
• Ramanujam Street: Rs 2,640 per sq.ft (2024)
• Ramaraj Avenue: Rs 2,970 per sq.ft (2024)
• Rajiv Nagar: Rs 2,640 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalinga Adikal 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 amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these charges Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ramalinga Adikal Street?

The Sub Registrar Office covering Ramalinga Adikal Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO here.

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

The guideline value is a critical factor in property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

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 appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramalinga Adikal Street?

The current guideline value of Ramalinga Adikal 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 changed from Rs 460 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 259% over the years.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,48,500, based on the guideline value of Rs 16,50,000.

Which Sub Registrar Office covers Ramalinga Adikal Street?

The Padappai Sub Registrar Office covers Ramalinga Adikal Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Ramalinga Adikal Street?

Ramalinga Adikal Street is classified as Residential Class IV Type - II, indicating its suitability for residential development.