Guideline Value for Ramar Street

Ramar Street guideline value

The current guideline value of Ramar Street, located in Agaramthen village, is Rs 830 per sq.ft. This value is set by the Tambaram Joint 1 SRO and is classified under Residential Class I Type - II.

How the guideline value of Ramar Street has changed

The guideline value for Ramar Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in the 2017 revision. However, this figure increased significantly to Rs 750 per sq.ft in the 2023 revision, and it rose again to Rs 830 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been an 11% increase. The register has no figures for Ramar Street for the years 2002, 2003, and 2007.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,700 per sq.ft. The median value for these streets is Rs 830 per sq.ft, which matches the current guideline value for Ramar Street.

• Ramadoss Nagar: Rs 550 per sq.ft (2024)
• Rajeswari Street: Rs 830 per sq.ft (2024)
• Rajaram Street: Rs 830 per sq.ft (2024)
• Rajaji Street: Rs 830 per sq.ft (2024)
• Ruby Greenvillee: Rs 1,770 per sq.ft (2024)
• Ragulan Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Ramar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total charges to Rs 74,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramar Street?

The Sub Registrar Office that covers Ramar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an important reference point when registering property transactions in Agaramthen. It determines the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ramar Street?

The current guideline value of Ramar Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Ramar Street?

Ramar Street is classified under Residential Class I Type - II according to the Tambaram Joint 1 SRO.

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

The Sub Registrar Office for Ramar Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is stamp duty calculated for properties in Agaramthen?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000, leading to a stamp duty of Rs 58,100.