Guideline Value for Ramanujam Koodam Street

Ramanujam Koodam Street guideline value

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

How the guideline value of Ramanujam Koodam Street has changed

The guideline value for Ramanujam Koodam Street has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it dropped to Rs 1,340 per sq.ft in 2017, before rising to Rs 2,000 per sq.ft again in 2023. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 144%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Ramanujam Koodam Street's 2024 guideline value is above this median.

• Ramanujam Koodam Lane: Rs 2,200 per sq.ft (2024)
• Ramanujam IyyerStreet: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, making the total charges Rs 1,98,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramanujam Koodam Street?

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

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is sold or purchased, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Ramanujam Koodam Street?

The current guideline value of Ramanujam Koodam Street 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 this period.

What is the stamp duty for property in Ramanujam Koodam Street?

The stamp duty for property in Ramanujam Koodam Street is calculated at 7% of the guideline value. For a plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Which Sub Registrar Office covers this street?

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

What is the land classification of Ramanujam Koodam Street?

Ramanujam Koodam Street is classified as Residential Class I Type - I, indicating its suitability for residential development.