Guideline Value for Ramanujar Township

Ramanujar Township guideline value

The current guideline value of Ramanujar Township is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Special Type - III.

How the guideline value of Ramanujar Township has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. It remained unchanged at Rs 1,500 per sq.ft in the 2023 revision and continued at the same rate in the 2024 revision, indicating no increase from 2023 to 2024. The overall change from 2017 to 2024 reflects a 49% increase.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The guideline value has remained stable from 2023 to 2024, with no percentage change noted during this period.

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 for Ramanujar Township is above this median.

• Ramanujar VI th Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar V th Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar Main Salai: Rs 1,200 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Ramanujar Township

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Please 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 Township?

The Sub Registrar Office that covers Ramanujar Township 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 when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the fees reflect the official valuation of the property. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Ramanujar Township?

The current guideline value of Ramanujar Township is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,500 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2024.

What is the land classification of Ramanujar Township?

Ramanujar Township is classified as Residential Special Type - III according to the local land classification guidelines.

What are the stamp duty rates for properties in Ramanujar Township?

The stamp duty for properties in Ramanujar Township is charged at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Ramanujar Township?

The Sub Registrar Office for Ramanujar Township is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about it through the provided link.