Guideline Value for Ramanujar VI th Cross Street

Ramanujar VI th Cross Street guideline value

The current guideline value of Ramanujar VI 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, classified as Residential Class II Type - I.

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

The guideline value for Ramanujar VI th Cross Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,000 per sq.ft. The 2024 revision has maintained the same value of Rs 1,000 per sq.ft, reflecting a 49% increase from the 2017 revision to the 2023 revision, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value has remained stable since the last recorded revision in 2017.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that have 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 VI th Cross Street is above this median.

• Ramanujar Township: Rs 1,500 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 VI 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 more precise calculations based on your property details.

Which Sub Registrar Office covers Ramanujar VI th Cross Street?

The Sub Registrar Office that covers Ramanujar VI 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 crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a reference point for calculating stamp duty and registration fees, ensuring that both parties involved in the transaction are aware of the legal value of the property.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Ramanujar VI 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, marking a 49% increase over this period.

What are the stamp duty and registration fees for properties here?

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.

Which office handles property registrations in this area?

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

What is the significance of the guideline value during property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is compliant with local regulations and reflects the legal value of the property.