Guideline Value for Ramanujar V th Cross Street

Ramanujar V th Cross Street guideline value

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

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

The guideline value for Ramanujar V th Cross Street has undergone several revisions. In the 2017 revision, the value was set at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 1,000 per sq.ft. The latest revision in 2024 also maintains the guideline value at Rs 1,000 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. It is important to note that there are no figures available for the revisions in 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. The median value for these streets is Rs 700 per sq.ft, placing Ramanujar V th Cross Street's 2024 figure above this median.

• Ramanujar VI th Cross Street: Rs 1,000 per sq.ft (2024)
• Ramanujar Township: Rs 1,500 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 V 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, leading to a total cost of Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramanujar V th Cross Street?

The Sub Registrar Office that covers Ramanujar V 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 details.

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

The guideline value is a critical reference point during the registration of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value serves as a baseline for calculating the applicable charges. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Ramanujar V th Cross Street?

The current guideline value for Ramanujar V 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 overall from 2017 to 2024.

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

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

What are the stamp duty and registration fees for property 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. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

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