Guideline Value for Ramanan Nagar

Ramanan Nagar guideline value

The current guideline value of Ramanan Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Ramanan Nagar has changed

The guideline value for Ramanan Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft, the same as in 2023. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, marking a 49% increase to the current value. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has also increased by 49%. This indicates that the value has remained stable in the most recent revisions while showing significant growth from the earlier revision in 2017.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Ramanan Nagar is below this median.

• Rajiv Gandhi Street: Rs 200 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 200 per sq.ft (2024)
• Rajan Nagar: Rs 300 per sq.ft (2024)
• Rajaji Street: Rs 150 per sq.ft (2024)
• Royal Homes: Rs 300 per sq.ft (2024)
• Pump Room Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ramanan Nagar?

The Sub Registrar Office that covers Ramanan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Nemili_B. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ramanan Nagar?

The current guideline value of Ramanan Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to the current value. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Ramanan Nagar?

Ramanan Nagar is classified as Residential Class III Type - I, indicating its use for residential purposes within the area.

How is the stamp duty calculated for property in Ramanan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.

Where can I find the Sub Registrar Office for Ramanan Nagar?

The Sub Registrar Office for Ramanan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.