Guideline Value for Ramanujar Main Salai

Ramanujar Main Salai guideline value

The current guideline value of Ramanujar Main Salai is Rs 1,200 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 I Type - I.

How the guideline value of Ramanujar Main Salai has changed

Over the years, the guideline value for Ramanujar Main Salai has seen several revisions. The most recent figures show that in 2024, the guideline value is Rs 1,200 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, in 2017, the value was Rs 804 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it has also increased by 49%. The consistency in the value from 2023 to 2024 indicates stability in the guideline value 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. The median value for these streets is Rs 700 per sq.ft, placing Ramanujar Main Salai's 2024 guideline value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramanujar Main Salai?

The Sub Registrar Office that covers Ramanujar Main Salai 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 crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions reflect the current market conditions as per the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ramanujar Main Salai?

The current guideline value of Ramanujar Main Salai is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024.

What is the land classification of Ramanujar Main Salai?

Ramanujar Main Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ramanujar Main Salai?

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

How is stamp duty calculated for properties in Ramanujar Main Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 84,000.