Guideline Value for Ramanujar IV th Cross Street

Ramanujar IV th Cross Street guideline value

The current guideline value of Ramanujar IV th 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, with a land classification of Residential Class II Type - I.

How the guideline value of Ramanujar IV th Cross Street has changed

The guideline value for Ramanujar IV th Cross Street has undergone several revisions. 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 most recent 2024 revision also maintains the value at Rs 1,000 per sq.ft, reflecting no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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, with a median value of Rs 700 per sq.ft. The guideline value of Ramanujar IV th Cross Street is above this median.

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

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ramanujar IV th Cross Street?

The Sub Registrar Office that covers Ramanujar IV th 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 is a critical factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall transaction costs. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Ramanujar IV th Cross Street?

The current guideline value of Ramanujar IV th 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 since the 2023 revision. It increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, marking a 49% increase over that period.

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 at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Ramanujar IV th Cross Street?

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

What is the land classification for Ramanujar IV th Cross Street?

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