Guideline Value for Ramalinga Nagar

Ramalinga Nagar guideline value

The current guideline value of Ramalinga Nagar in Puthagaram village under the Ambattur SRO is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ramalinga Nagar has changed

The guideline value for Ramalinga Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023 and then further rose to the current rate of Rs 1,900 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 6% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value is Rs 1,900 per sq.ft, which is equal to the current value of Ramalinga Nagar.

• Ramalinga Nagar extention: Rs 1,600 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramalinga Nagar?

The Sub Registrar Office that covers Ramalinga Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Buyers should be aware that the guideline value may differ from the actual sale price of the property. However, the stamp duty is calculated based on the higher of these two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramalinga Nagar?

The current guideline value of Ramalinga Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification of Ramalinga Nagar?

Ramalinga Nagar is classified as Residential Class I Type - I.

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

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles the registration for Ramalinga Nagar?

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