Guideline Value for Ramanujar IIIrd Cross Street

Ramanujar IIIrd Cross Street guideline value

The current guideline value of Ramanujar IIIrd Cross Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ramanujar IIIrd Cross Street has changed

The guideline value for Ramanujar IIIrd Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,000 per sq.ft. The most recent 2024 revision maintains this value, showing no change from the previous year, with an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the significant changes occurred between the 2017 and 2024 revisions, reflecting a consistent rise in the guideline value.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing the guideline value of Ramanujar IIIrd Cross Street above this median.

• Ramanujar IInd Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar Ist Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar IV th Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar Main Salai: Rs 1,200 per sq.ft (2024)
• Ramanujar Township: Rs 1,500 per sq.ft (2024)
• Ramanujar VI th Cross Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ramanujar IIIrd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramanujar IIIrd Cross Street?

The Sub Registrar Office that covers Ramanujar IIIrd Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Sriperumbudur A, the guideline value is a crucial factor in determining the registration fees and stamp duty payable. It serves as a benchmark for the value of the property, ensuring that the transaction is recorded at a fair value as per the government regulations.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ramanujar IIIrd Cross Street?

The current guideline value of Ramanujar IIIrd Cross Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, marking an overall increase of 49% from 2017 to 2024.

What is the median guideline value in Sriperumbudur A?

The median guideline value for streets in Sriperumbudur A is Rs 700 per sq.ft, with Ramanujar IIIrd Cross Street's value being above this median.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Ramanujar IIIrd Cross Street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for Ramanujar IIIrd Cross Street.