Guideline Value for Ramanujam IyyerStreet

Ramanujam IyyerStreet guideline value

The current guideline value of Ramanujam IyyerStreet is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ramanujam IyyerStreet has changed

Over the years, the guideline value of Ramanujam IyyerStreet has seen significant changes. In the 2007 revision, the guideline value was Rs 900 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a 122% rise. However, it then decreased to Rs 1,340 per sq.ft in the 2017 revision, a decline of 33%. Following this, the value surged to Rs 2,000 per sq.ft in 2023, and further increased to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the value jumped by 49%. Overall, from 2007 to 2024, the guideline value has increased by 144%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, making the 2024 figure for Ramanujam IyyerStreet above this median.

• Ramanujam Koodam Lane: Rs 2,200 per sq.ft (2024)
• Ramanujam Koodam Street: Rs 2,200 per sq.ft (2024)
• Raman Street: Rs 2,200 per sq.ft (2024)
• Rama Naicken Street: Rs 2,200 per sq.ft (2024)
• Ramdass Nagar: Rs 1,300 per sq.ft (2024)
• Rama Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanujam IyyerStreet

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramanujam IyyerStreet?

The Sub Registrar Office that covers Ramanujam IyyerStreet is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value serves as a benchmark for the transaction value. If the sale price exceeds the guideline value, the stamp duty is calculated based on the sale price, ensuring that the government collects the correct amount of duty based on the higher value.

Frequently asked questions

What is the current guideline value of Ramanujam IyyerStreet?

The current guideline value of Ramanujam IyyerStreet 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 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 144% over the years.

What are the stamp duty and registration fees for property in Ramanujam IyyerStreet?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Ramanujam IyyerStreet?

The Royapuram Sub Registrar Office covers Ramanujam IyyerStreet, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, with Ramanujam IyyerStreet's 2024 value being above this median.