Guideline Value for Ramasamy Nagar

Ramasamy Nagar guideline value

The current guideline value of Ramasamy Nagar, located in Porur village under the Kunrathur SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Ramasamy Nagar has changed

The guideline value for Ramasamy Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 1,250 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in 2012. However, it then decreased to Rs 2,144 per sq.ft in 2017. Following this, the value rose again to Rs 3,200 per sq.ft in 2023, and most recently, it has been set at Rs 3,520 per sq.ft in the 2024 revision.

Between these revisions, the changes were notable. From 2007 to 2012, there was a substantial increase of 156%, followed by a decline of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, a 10% increase was recorded from 2023 to 2024. The overall change from 2007 to 2024 reflects an increase of 182%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for Ramasamy Nagar is below this median.

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

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, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ramasamy Nagar?

The Sub Registrar Office that covers Ramasamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Porur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value to understand the financial implications of their transactions. This value is regularly updated to reflect changes in the real estate market, ensuring that it remains relevant and accurate.

Frequently asked questions

What is the current guideline value of Ramasamy Nagar?

The current guideline value of Ramasamy Nagar 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 1,250 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, showing an overall increase of 182% over the years.

What is the land classification of Ramasamy Nagar?

Ramasamy Nagar is classified as Residential Special Type - II according to the guideline value register.

Where can I find the Sub Registrar Office for Ramasamy Nagar?

The Sub Registrar Office for Ramasamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated in Ramasamy Nagar?

Stamp duty and registration fees in Ramasamy Nagar are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total fees would amount to Rs 3,16,800.