Guideline Value for Ramasamy Nagar

Ramasamy Nagar guideline value

The current guideline value of Ramasamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village is part of the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Ramasamy Nagar has changed

The guideline value for Ramasamy Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The current 2024 revision marks a further increase to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The jump from 2017 to 2023 was 49%, indicating a significant change in the value over these years.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Ramasamy Nagar.

• Sadasivam Nagar: Rs 1,100 per sq.ft (2024)
• Sambanthamoorthy Nagar: Rs 1,100 per sq.ft (2024)
• P.S.K. Nagar: Rs 1,100 per sq.ft (2024)
• Selva vinayagar Nagar: Rs 875 per sq.ft (2024)
• Pallavan Nagar: Rs 1,100 per sq.ft (2024)
• Sivalingam Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ramasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Ramasamy Nagar?

Ramasamy Nagar falls under the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor in property transactions in Sevilimadu - A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ramasamy Nagar?

The current guideline value of Ramasamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for Ramasamy Nagar?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Ramasamy Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Ramasamy Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the guideline value determined for properties in Sevilimadu - A?

The guideline value for properties in Sevilimadu - A is determined by the Kanchipuram Joint II SRO and is based on various factors, including land classification and market conditions. The values are revised periodically to reflect current trends.