Guideline Value for Ramayanam Street (Sakthi Nagar)

Ramayanam Street (Sakthi Nagar) guideline value

The current guideline value of Ramayanam Street (Sakthi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ramayanam Street (Sakthi Nagar) has changed

The guideline value for Ramayanam Street (Sakthi Nagar) has seen several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 2,200 per sq.ft. This was then followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision. The value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, and the current value stands at Rs 2,400 per sq.ft as per the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it rose by 49%. Overall, from 2012 to 2024, there has been a 9% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which matches the current value for Ramayanam Street (Sakthi Nagar).

• Ramanjuam Street: Rs 2,400 per sq.ft (2024)
• Rani Anna Street: Rs 2,400 per sq.ft (2024)
• Ravindran Nagar: Rs 1,500 per sq.ft (2024)
• Rajeswari Street(Devi Nagar): Rs 2,700 per sq.ft (2024)
• Rajeswari Street: Rs 2,700 per sq.ft (2024)
• Royal Residency: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ramayanam Street (Sakthi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost for these fees Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ramayanam Street (Sakthi Nagar)?

The Sub Registrar Office that covers Ramayanam Street (Sakthi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers should be aware that the guideline value may differ from the actual sale price.

During the registration process, the higher amount between the guideline value and the sale price is taken into account for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ramayanam Street (Sakthi Nagar)?

The current guideline value of Ramayanam Street (Sakthi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft in 2024.

What is the land classification for Ramayanam Street (Sakthi Nagar)?

Ramayanam Street (Sakthi Nagar) is classified as Residential Class I Type - I.

What are the other streets with the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,400 per sq.ft include Ramanjuam Street and Rani Anna Street.

Where can I find the Sub Registrar Office for Ramayanam Street (Sakthi Nagar)?

The Sub Registrar Office for Ramayanam Street (Sakthi Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.