Guideline Value for Ramar Koil Street

Ramar Koil Street guideline value

The current guideline value of Ramar Koil Street is Rs 150 per sq.ft. This street is located in Ulunthai village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ramar Koil Street has changed

Over the years, the guideline value of Ramar Koil Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 150 per sq.ft. The 2017 revision marked a significant increase to Rs 100 per sq.ft, reflecting a 50% rise from the previous revision. However, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased again by 50%. The current guideline value of Rs 150 per sq.ft, effective from 1 July 2024, shows no change from the previous year, maintaining the same rate as in 2023.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 426 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the guideline value of Ramar Koil Street.

• Rangapuram Street: Rs 150 per sq.ft (2024)
• Sai Baba Street: Rs 150 per sq.ft (2024)
• Pallikuda Street: Rs 150 per sq.ft (2024)
• Palla Street: Rs 150 per sq.ft (2024)
• Sivan Kovil Street: Rs 150 per sq.ft (2024)
• SriMathi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ramar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, making the total fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramar Koil Street?

The Sub Registrar Office that covers Ramar Koil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Ulunthai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property, aiding in fair transactions and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ramar Koil Street?

The current guideline value of Ramar Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 150 per sq.ft from 2012 to 2024, with a notable increase to Rs 100 per sq.ft in 2017 and a 50% rise from 2017 to 2023.

What is the classification of Ramar Koil Street?

Ramar Koil Street is classified as Residential Class II Type - I under the Sunguvarchattram SRO.

Where can I find the Sub Registrar Office for Ramar Koil Street?

The Sub Registrar Office for Ramar Koil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated on property in Ramar Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500.