Guideline Value for Ramanujar Ist Cross Street

Ramanujar Ist Cross Street guideline value

The current guideline value of Ramanujar Ist Cross Street is Rs 1,000 per sq.ft. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ramanujar Ist Cross Street has changed

The guideline value for Ramanujar Ist 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 until the 2023 revision, which also recorded the value at Rs 1,000 per sq.ft. The current 2024 revision continues this value of Rs 1,000 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase, maintaining the same value of Rs 1,000 per sq.ft since 2023.

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 Ramanujar Ist Cross Street's 2024 figure above this median.

• Ramanujar IInd Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar IV th Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar IIIrd 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 Ist 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, 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 more detailed calculations.

Which Sub Registrar Office covers Ramanujar Ist Cross Street?

The Sub Registrar Office that covers Ramanujar Ist Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

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

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, showing a 49% increase from Rs 670 per sq.ft in 2017.

What are the other streets with the same guideline value?

Other streets in Sriperumbudur A with the same guideline value of Rs 1,000 per sq.ft include Ramanujar IInd Cross Street, Ramanujar IV th Cross Street, and Ramanujar VI th Cross Street.

What is the registration fee for property in Ramanujar Ist Cross Street?

The registration fee is calculated based on the guideline value. For a property valued at Rs 10,00,000, the registration fee would be Rs 20,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Ramanujar Ist Cross Street?

The Sub Registrar Office for Ramanujar Ist Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.