Guideline Value for Ramalingaswamy Madham Street

Ramalingaswamy Madham Street guideline value

The current guideline value of Ramalingaswamy Madham Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Ramalingaswamy Madham Street has changed

The guideline value for Ramalingaswamy Madham Street has undergone several revisions over the years. In 2003, the value was Rs 143 per sq.ft, which increased to Rs 210 per sq.ft in 2007. This was a significant rise of 47%. Following that, the value saw a dramatic increase to Rs 1,407 per sq.ft in 2017, marking a 570% change from the previous revision. The 2023 revision set the value at Rs 2,099 per sq.ft, reflecting a 49% increase from 2017.

The latest revision in 2024 has further raised the guideline value to Rs 2,350 per sq.ft, which is a 12% increase from the previous year. It is important to note that there are no figures available for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Ramalingaswamy Madham Street's 2024 value above this median.

• Rajiv Gandhi Sreet (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 2,350 per sq.ft (2024)
• Rangaiya Chetty Street: Rs 1,760 per sq.ft (2024)
• Rajamanikam Street (L.R.) (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Rajaji Salai(karikalan nagar): Rs 2,860 per sq.ft (2024)
• Ragavendra Koil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ramalingaswamy Madham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total fees to Rs 2,11,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ramalingaswamy Madham Street?

The Sub Registrar Office that covers Ramalingaswamy Madham Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This process helps maintain transparency in property transactions and ensures that all parties are aware of their financial obligations.

Frequently asked questions

What is the current guideline value of Ramalingaswamy Madham Street?

The current guideline value of Ramalingaswamy Madham Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 143 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 1543% over the years.

What is the registration office for Ramalingaswamy Madham Street?

The registration office for Ramalingaswamy Madham Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty rates applicable?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find more information about guideline values in Anakaputhur?

For more information about guideline values in Anakaputhur, you can refer to the Registration Department's guideline value register or visit the official website for updates.