Guideline Value for Ramanjuam Street

Ramanjuam Street guideline value

The current guideline value of Ramanjuam Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ramanjuam Street has changed

The guideline value for Ramanjuam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 2,200 per sq.ft in the 2023 revision, and then further increased to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

In summary, the changes between the revisions indicate a rise of 49% from 2017 to 2023, and an overall increase of 9% from 2012 to 2024. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the current guideline value of Ramanjuam Street.

• Ramayanam Street (Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Rajeswari Street (Devi Nagar): Rs 2,700 per sq.ft (2024)
• Rani Anna Street: Rs 2,400 per sq.ft (2024)
• Rajeswari Street: Rs 2,700 per sq.ft (2024)
• Ravindran Nagar: Rs 1,500 per sq.ft (2024)
• Rajarajan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanjuam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramanjuam Street?

The Sub Registrar Office covering Ramanjuam Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is considered to determine the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, which ensures that transactions are fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Ramanjuam Street?

The current guideline value of Ramanjuam Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Ramanjuam Street?

Ramanjuam Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Ramanjuam Street?

The Sub Registrar Office for Ramanjuam Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ramanjuam Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.