Guideline Value for Ramalinga Nagar extention

Ramalinga Nagar extention guideline value

The current guideline value of Ramalinga Nagar extention is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ramalinga Nagar extention has changed

The guideline value for Ramalinga Nagar extention 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 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,600 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 7% increase. Overall, comparing the 2012 and 2024 revisions, there has been a 7% increase in the guideline value.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, indicating that Ramalinga Nagar extention's 2024 figure is below this median.

• Ramalinga Nagar: Rs 1,900 per sq.ft (2024)
• Raj Nagar: Rs 1,600 per sq.ft (2024)
• Ranganathar Nagar: Rs 1,900 per sq.ft (2024)
• Rajammal Nager: Rs 1,900 per sq.ft (2024)
• Revathi Nagar: Rs 1,900 per sq.ft (2024)
• Sabapathi Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalinga Nagar extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, these fees would total Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramalinga Nagar extention?

The Sub Registrar Office covering Ramalinga Nagar extention is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Puthagaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Ramalinga Nagar extention?

The current guideline value of Ramalinga Nagar extention is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the median guideline value in Puthagaram?

The median guideline value for streets in Puthagaram is Rs 1,900 per sq.ft, which is higher than the current value of Ramalinga Nagar extention.

What are the stamp duty and registration fees for property in Ramalinga Nagar extention?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the total fees would amount to Rs 1,44,000.

Which office handles registrations for Ramalinga Nagar extention?

The Ambattur Sub Registrar Office handles registrations for Ramalinga Nagar extention, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.