Guideline Value for Ramasubbu Nagar

Ramasubbu Nagar guideline value

The current guideline value of Ramasubbu Nagar is Rs 226 per sq.ft, effective from 1 July 2024. This area is located in Kaval Kazhani village and falls under the Sunguvarchattram SRO. The land classification for this region is Residential Class II Type - I.

How the guideline value of Ramasubbu Nagar has changed

The guideline value for Ramasubbu Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 225 per sq.ft, which then decreased to Rs 151 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back to Rs 226 per sq.ft, and this figure remained unchanged in the 2024 revision.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 50%. Overall, from 2012 to 2024, the guideline value has remained stable with no change.

Guideline values in Kaval Kazhani

In Kaval Kazhani, there are 20 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 226 to Rs 1,550 per sq.ft. The median value in this area is Rs 300 per sq.ft, making Ramasubbu Nagar's 2024 figure below that median.

• R.S Avenue: Rs 226 per sq.ft (2024)
• Santhosh Nagar: Rs 226 per sq.ft (2024)
• SBI Staff colony: Rs 226 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Sri Sheshadhri Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ramasubbu Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, totaling Rs 20,340. 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 details.

Which Sub Registrar Office covers Ramasubbu Nagar?

The Sub Registrar Office covering Ramasubbu Nagar 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 information.

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

The guideline value is a crucial factor when buying or selling property in Kaval Kazhani. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value as per the regulations. This helps maintain transparency in property transactions and ensures compliance with local laws.

Frequently asked questions

What is the current guideline value of Ramasubbu Nagar?

The current guideline value of Ramasubbu Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then back to Rs 226 per sq.ft in 2023 and 2024, showing no overall change from 2012 to 2024.

What is the land classification for Ramasubbu Nagar?

The land classification for Ramasubbu Nagar is Residential Class II Type - I, indicating its suitability for residential purposes.

Which Sub Registrar Office should I visit for transactions in Ramasubbu Nagar?

The Sunguvarchattram Sub Registrar Office is responsible for property transactions in Ramasubbu Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.