Guideline Value for Ramar Kovil Street

Ramar Kovil Street guideline value

The current guideline value of Ramar Kovil Street is Rs 200 per sq.ft. This street is located in Mettupalayam village, under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Ramar Kovil Street has changed

The guideline value for Ramar Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to Rs 200 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Ramar Kovil Street. Therefore, the only revisions with figures are from 2012, 2017, 2023, and 2024, with the overall change from 2012 to 2024 being 0%.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 900 per sq.ft. The median value for these streets is Rs 181 per sq.ft, placing Ramar Kovil Street's 2024 figure above this median.

• Ragallamman kovil Street: Rs 181 per sq.ft (2024)
• Ragala Kanni Theru: Rs 181 per sq.ft (2024)
• Saneeshvarar kovil Street: Rs 200 per sq.ft (2024)
• Peria Pallaiyathamman Street: Rs 181 per sq.ft (2024)
• Panruti Main Road: Rs 200 per sq.ft (2024)
• Palvaddi Street: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Ramar Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000. Together, the total cost would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramar Kovil Street?

The Sub Registrar Office that covers Ramar Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Mettupalayam. It determines the amount of stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, the guideline value ensures that the transaction is documented at a fair price as per government standards. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ramar Kovil Street?

The current guideline value of Ramar Kovil Street is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to 2023. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Mettupalayam?

The median guideline value for the 45 streets in Mettupalayam under the Sunguvarchattram SRO is Rs 181 per sq.ft, with Ramar Kovil Street's value being above this median.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Ramar Kovil Street?

The registration for Ramar Kovil Street is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.