Guideline Value for Ramanujam Street

Ramanujam Street guideline value

The current guideline value of Ramanujam Street in Kadaperi village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Ramanujam Street has changed

The guideline value for Ramanujam Street has undergone several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, this value saw a decline to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, followed by another increase to Rs 1,650 per sq.ft in 2024, reflecting a 10% change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Ramanujam Street.

• Ranganathapuram 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 2nd street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 3rd Streeet: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th Cross street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 4th street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanujam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramanujam Street?

The Sub Registrar Office that covers Ramanujam Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ramanujam Street?

The current guideline value of Ramanujam Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 175% over the years.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Which office handles the registration for Ramanujam Street?

The Tambaram Joint 1 Sub Registrar Office is responsible for handling registrations for Ramanujam Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Ramanujam Street?

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