Guideline Value for Ramana Nagar Ext 6th Cross Street

Ramana Nagar Ext 6th Cross Street guideline value

The current guideline value of Ramana Nagar Ext 6th Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ramana Nagar Ext 6th Cross Street has changed

The guideline value for Ramana Nagar Ext 6th Cross Street has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, is Rs 1,900 per sq.ft. Prior to this, the guideline value was Rs 1,800 per sq.ft during the 2012 revision, reflecting a change of +6% from 2012 to 2024. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

From the 2012 revision to the current rate, the increase signifies a steady adjustment in the guideline value. The previous value of Rs 1,800 per sq.ft was set in 2012, and there has been no recorded guideline value for this street in the years leading up to 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which indicates that the guideline value for Ramana Nagar Ext 6th Cross Street is below this median.

• Ramana Nagar Ext 5th Cross Street: Rs 1,900 per sq.ft (2024)
• Ramana Nagar Extention: Rs 1,900 per sq.ft (2024)
• Ramana Nagar Ext 4th Cross Street: Rs 1,900 per sq.ft (2024)
• Ramana Nagar Extention 1st Street: Rs 1,900 per sq.ft (2024)
• Ramana Nagar Ext 3rd Cross Street: Rs 1,900 per sq.ft (2024)
• Ramana Nagar Extention 2nd Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ramana Nagar Ext 6th 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 would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000. Together, the total cost for stamp duty and registration would be Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramana Nagar Ext 6th Cross Street?

The Sub Registrar Office that covers Ramana Nagar Ext 6th Cross Street is the Selaiyur Sub Registrar Office. The office is 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

The guideline value is a crucial factor in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated appropriately based on this value.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the government. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramana Nagar Ext 6th Cross Street?

The current guideline value of Ramana Nagar Ext 6th 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 has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting a +6% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft. The guideline value for Ramana Nagar Ext 6th Cross Street is below this median.

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

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. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Ramana Nagar Ext 6th Cross Street?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.