Guideline Value for Ramanujam Koodam Lane

Ramanujam Koodam Lane guideline value

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

How the guideline value of Ramanujam Koodam Lane has changed

Over the years, the guideline value of Ramanujam Koodam Lane has seen several revisions. The 2007 revision set the value at Rs 900 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 122% increase. However, this value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The following revisions saw a substantial rise, with the value reaching Rs 2,000 per sq.ft in 2023 and then increasing to Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Tondaiarpet

In Tondaiarpet village, 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 value is Rs 1,600 per sq.ft, and Ramanujam Koodam Lane's 2024 figure is above this median.

• Ramanujam IyyerStreet: 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 Koodam Lane

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, and 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 or the sale price.

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

Which Sub Registrar Office covers Ramanujam Koodam Lane?

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

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

The guideline value is a crucial factor in the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the fees are aligned with the current market standards as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ramanujam Koodam Lane?

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

What is the land classification of Ramanujam Koodam Lane?

Ramanujam Koodam Lane is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Ramanujam Koodam Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.