Guideline Value for Ramana Nagar Ext 2nd Cross Street

Ramana Nagar Ext 2nd Cross Street guideline value

The current guideline value of Ramana Nagar Ext 2nd Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Ramana Nagar Ext 2nd Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. The most recent 2024 revision increased this value to Rs 1,900 per sq.ft, marking a 6% increase from the previous figure. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions with figures are from 2012 and 2024, showing a clear upward trend in the guideline value for Ramana Nagar Ext 2nd Cross Street over this period.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, indicating that Ramana Nagar Ext 2nd Cross Street's 2024 figure is below this median.

• Ramana Nagar Ext 1st Cross Street: Rs 1,900 per sq.ft (2024)
• Ramana Nagar Ext 3rd Cross Street: Rs 1,900 per sq.ft (2024)
• Ramana Nagar 6th Street: Rs 1,600 per sq.ft (2024)
• Ramana Nagar Ext 4th Cross Street: Rs 1,900 per sq.ft (2024)
• Ramana Nagar 5th Street: Rs 1,600 per sq.ft (2024)
• Ramana Nagar Ext 5th Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ramana Nagar Ext 2nd Cross Street

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 fees to Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ramana Nagar Ext 2nd Cross Street?

The Sub Registrar Office that covers Ramana Nagar Ext 2nd Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Madambakkam, the guideline value plays a crucial role in determining the registration fees. The guideline value is set by the Registration Department and is used to calculate stamp duty and registration fees based on the property's value.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Ensuring that the sale price is in line with the guideline value can help avoid potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Ramana Nagar Ext 2nd Cross Street?

The current guideline value of Ramana Nagar Ext 2nd Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, marking a 6% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is 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 Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Ramana Nagar Ext 2nd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Ramana Nagar Ext 2nd Cross Street?

Ramana Nagar Ext 2nd Cross Street is classified as Residential Class I Type - I.