Guideline Value for Ramanujam koodam street

Ramanujam koodam street guideline value

The current guideline value of Ramanujam koodam street is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ramanujam koodam street has changed

Over the years, the guideline value of Ramanujam koodam street has undergone several revisions. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it saw a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 2,740 per sq.ft.

Looking at the changes between these revisions, the value increased by 400% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 448%. The register has no figure for this street for the years 2002 and 2003.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ramanujam koodam street's 2024 figure above this median.

• R.C.M. School Street: Rs 2,200 per sq.ft (2024)
• Rajarathinam salai: Rs 2,200 per sq.ft (2024)
• RKV nagar: Rs 2,200 per sq.ft (2024)
• Raja nagar: Rs 2,200 per sq.ft (2024)
• Rosi Garden: Rs 2,200 per sq.ft (2024)
• Rukmani nagar: Rs 3,250 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 rate of Rs 2,740 per sq.ft, the guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, totaling Rs 2,46,600. Please note that 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 Ramanujam koodam street?

The Sub Registrar Office that covers Ramanujam koodam street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Poonthamallee, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for assessing property values in the area, facilitating smoother transactions.

Frequently asked questions

What is the current guideline value of Ramanujam koodam street?

The current guideline value of Ramanujam koodam street is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Ramanujam koodam street?

Ramanujam koodam street is classified as Residential Class I Type - I.

What are the other streets in Poonthamallee with their guideline values?

Other streets in Poonthamallee include R.C.M. School Street, Rajarathinam salai, RKV nagar, Raja nagar, Rosi Garden, and Rukmani nagar, with values ranging from Rs 2,200 to Rs 3,250 per sq.ft.

Where can I find the Sub Registrar Office for Ramanujam koodam street?

The Sub Registrar Office for Ramanujam koodam street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.