Guideline Value for Ramanthan Nagar Salai

Ramanthan Nagar Salai guideline value

The current guideline value of Ramanthan Nagar Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Ramanthan Nagar Salai has changed

Over the years, the guideline value for Ramanthan Nagar Salai has seen significant changes. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Ramanthan Nagar Salai is above this median.

• Ramanthan Nagar Salai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Ramanathan Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Ramanathan Nagar: Rs 2,200 per sq.ft (2024)
• Ram Street: Rs 1,100 per sq.ft (2024)
• Ram Street, Shanmuga Nagar: Rs 1,320 per sq.ft (2024)
• Ramachandrapillai Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanthan Nagar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 more details.

Which Sub Registrar Office covers Ramanthan Nagar Salai?

The Sub Registrar Office that covers Ramanthan Nagar Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Pozhichalur. It serves as a benchmark for determining the applicable stamp duty and registration fees during the registration process. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramanthan Nagar Salai?

The current guideline value of Ramanthan Nagar Salai is Rs 2,200 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 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

Are there any years with no guideline value for Ramanthan Nagar Salai?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Ramanthan Nagar Salai.

What is the registration fee for property in Ramanthan Nagar Salai?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a registration fee of Rs 44,000 at 2%.

Where can I find the Sub Registrar Office for Ramanthan Nagar Salai?

The Sub Registrar Office for Ramanthan Nagar Salai is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the appropriate website.