Guideline Value for Ramamoorthy Avenue 2nd Street

Ramamoorthy Avenue 2nd Street guideline value

The current guideline value of Ramamoorthy Avenue 2nd Street is Rs 6,380 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Ramamoorthy Avenue 2nd Street has changed

The guideline value for Ramamoorthy Avenue 2nd Street has seen several revisions over the years. In the 2012 revision, the value was Rs 5,800 per sq.ft. This figure decreased to Rs 3,886 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 5,800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 6,380 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for Ramamoorthy Avenue 2nd Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Ramamoorthy Avenue 2nd Street above this median.

• Ramamoorthy Avenue 1st Street: Rs 6,380 per sq.ft (2024)
• Ramamoorthy Avenue Lane: Rs 6,380 per sq.ft (2024)
• Ramamoorthy Avenue: Rs 6,380 per sq.ft (2024)
• Ramamoorthy Avenue Main Road: Rs 6,380 per sq.ft (2024)
• Ramanatha Eswarar Nagar: Rs 3,520 per sq.ft (2024)
• Ramakrishna Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Ramamoorthy Avenue 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value amounts to Rs 63,80,000. The stamp duty at 7% would be Rs 4,46,600, and the registration fee at 2% would be Rs 1,27,600, leading to a total of Rs 5,74,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramamoorthy Avenue 2nd Street?

The Sub Registrar Office that covers Ramamoorthy Avenue 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of ownership.

Frequently asked questions

What is the current guideline value of Ramamoorthy Avenue 2nd Street?

The current guideline value of Ramamoorthy Avenue 2nd Street is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,800 per sq.ft in 2012 to Rs 3,886 per sq.ft in 2017, then back to Rs 5,800 per sq.ft in 2023, and finally to Rs 6,380 per sq.ft in 2024.

What is the land classification for Ramamoorthy Avenue 2nd Street?

Ramamoorthy Avenue 2nd Street is classified as Commercial Class I Type - I.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Ramamoorthy Avenue 2nd Street?

The Kunrathur Sub Registrar Office handles registrations for Ramamoorthy Avenue 2nd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.