Guideline Value for Ramas Enclave

Ramas Enclave guideline value

The current guideline value of Ramas Enclave is Rs 3,520 per sq.ft, effective from 1 July 2024. This property is located in Porur village, under the Kunrathur Sub Registrar Office (SRO), and is classified as Residential Special Type - II.

How the guideline value of Ramas Enclave has changed

The guideline value for Ramas Enclave has seen several revisions over the years. In 2007, the guideline value was Rs 750 per sq.ft. This increased significantly to Rs 3,200 per sq.ft in 2012, marking a rise of 327%. However, the value then dropped to Rs 2,144 per sq.ft in 2017, a decrease of 33%. The value rebounded to Rs 3,200 per sq.ft in 2023, and most recently, it reached Rs 3,520 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 369%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, making Ramas Enclave's 2024 figure below this median.

• Ramasamy nagar Main Road: Rs 3,520 per sq.ft (2024)
• Ramasamy nagar IInd Street: Rs 3,520 per sq.ft (2024)
• Ramasamy Nagar IIIrd Street: Rs 3,520 per sq.ft (2024)
• Ramasamy Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Ramasamy Nagar: Rs 3,520 per sq.ft (2024)
• Ramanatha Eswarar Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Ramas Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, leading to a total of Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramas Enclave?

The Ramas Enclave is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Porur, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted at a fair and transparent rate.

When you approach the Kunrathur SRO for registration, the guideline value will be referenced to assess the applicable duties. It is essential for buyers and sellers to be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ramas Enclave?

The current guideline value of Ramas Enclave is Rs 3,520 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 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 369% over the years.

What is the land classification of Ramas Enclave?

Ramas Enclave is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the registration office for Ramas Enclave?

The registration office for Ramas Enclave is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Ramas Enclave?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,46,400.