Guideline Value for Ramanujar IInd Cross Street

Ramanujar IInd Cross Street guideline value

The current guideline value of Ramanujar IInd 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, classified as Residential Class II Type - I.

How the guideline value of Ramanujar IInd Cross Street has changed

The guideline value for Ramanujar IInd Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which remained unchanged at Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 also maintains this value at Rs 1,000 per sq.ft, showing no percentage change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Ramanujar IInd Cross Street is above this median.

• Ramanujar IIIrd 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 IInd 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 would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramanujar IInd Cross Street?

The Sub Registrar Office that covers Ramanujar IInd 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

The guideline value plays a critical role during the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the registration process. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

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

The current guideline value of Ramanujar IInd 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 remained at Rs 1,000 per sq.ft from 2017 to 2024, with a significant increase of 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 in 2023 and 2024.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles property registrations for Ramanujar IInd Cross Street?

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

What is the land classification for Ramanujar IInd Cross Street?

Ramanujar IInd Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.