Guideline Value for Raman Thottam 2nd Street

Raman Thottam 2nd Street guideline value

The current guideline value of Raman Thottam 2nd Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Raman Thottam 2nd Street has changed

The guideline value for Raman Thottam 2nd Street has seen significant changes over the years. In 2002, the value was Rs 329 per sq.ft, which increased to Rs 374 per sq.ft in 2003, marking a 14% rise. The value continued to rise dramatically, reaching Rs 1,200 per sq.ft in 2007, a 221% increase from 2003. Following this, the value decreased to Rs 2,500 per sq.ft in 2012, showing a decline of 33%. The value then rose again to Rs 1,675 per sq.ft in 2017, reflecting a 49% increase. As of the 2023 revision, the guideline value was Rs 2,500 per sq.ft, and it increased by 12% to the current rate of Rs 2,800 per sq.ft in 2024.

There are no figures available for the revisions in years other than those mentioned. The overall increase from 2002 to 2024 stands at 751% for Raman Thottam 2nd Street.

Guideline values in Nanganallur

In Nanganallur, there are 155 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 6,600 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Raman Thottam 2nd Street is below this median.

• Raman Thottam 1st Street: Rs 2,800 per sq.ft (2024)
• Raman Thottam: Rs 2,800 per sq.ft (2024)
• Raman Street: Rs 2,800 per sq.ft (2024)
• Ram Nagar 2nd Main road: Rs 4,400 per sq.ft (2024)
• R. Mohanarangam Main road: Rs 5,500 per sq.ft (2024)
• Rajaji 2nd Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Raman Thottam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Raman Thottam 2nd Street?

The Sub Registrar Office that covers Raman Thottam 2nd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nanganallur. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is documented accurately.

When buying or selling a property, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Raman Thottam 2nd Street?

The current guideline value of Raman Thottam 2nd Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 329 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 751% over the years.

What is the land classification for Raman Thottam 2nd Street?

Raman Thottam 2nd Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Raman Thottam 2nd Street?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for Raman Thottam 2nd Street?

The Alandur Sub Registrar Office handles the registration for Raman Thottam 2nd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.