Guideline Value for Ramar Koil Street

Ramar Koil Street guideline value

The current guideline value of Ramar Koil Street is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Ramar Koil Street has changed

The guideline value for Ramar Koil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 870 per sq.ft, which is an increase from Rs 800 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 737 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 9%, and from 2023 to 2024, it rose by another 9%. Overall, from 2017 to 2024, the guideline value has increased by 18%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, positioning Ramar Koil Street above this median.

• Ramdosspuram Parel Ground Road: Rs 770 per sq.ft (2024)
• Ramdosspuram & Streets: Rs 770 per sq.ft (2024)
• Ram Nagar: Rs 1,400 per sq.ft (2024)
• Rajiv Gandhi Nagar & Annexue-II: Rs 770 per sq.ft (2024)
• Ria Srinivasa Plams: Rs 1,320 per sq.ft (2024)
• Royal Garden: Rs 660 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 guideline value of Rs 870 per sq.ft, the total guideline value would be Rs 8,70,000. The stamp duty, charged at 7%, would amount to Rs 60,900, while the registration fee at 2% would be Rs 17,400. Together, the total cost for these fees would be Rs 78,300. 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 detailed calculations.

Which Sub Registrar Office covers Ramar Koil Street?

The Sub Registrar Office that covers Ramar Koil Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor during property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Ramar Koil Street?

The current guideline value of Ramar Koil Street is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 870 per sq.ft in 2024, marking an overall increase of 18% over this period.

What is the median guideline value in Thiruninravur-B?

The median guideline value in Thiruninravur-B is Rs 770 per sq.ft, with Ramar Koil Street's value being above this median.

What are the stamp duty rates applicable?

The stamp duty for properties in Ramar Koil Street is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%.

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

The Avadi Sub Registrar Office covers Ramar Koil Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.