Guideline Value for Rambharathi Street (Ram Nagar)

Rambharathi Street (Ram Nagar) guideline value

The current guideline value of Rambharathi Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Rambharathi Street (Ram Nagar) has changed

The guideline value for Rambharathi Street (Ram Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,200 per sq.ft in the 2023 revision and finally rose to Rs 2,400 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 9% from 2023 to 2024, and by 49% from 2017 to 2023. However, there was a decline of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Rambharathi Street's 2024 guideline value of Rs 2,400 per sq.ft is above this median.

• Ramasamy Street.DR (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Ramasamy (Pillai) Street (S.No.61,62,71,72): Rs 1,600 per sq.ft (2024)
• Ramar Koil Street: Rs 1,600 per sq.ft (2024)
• Ramanujam Street: Rs 2,400 per sq.ft (2024)
• Raman Street: Rs 1,600 per sq.ft (2024)
• Ramakrishnan Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rambharathi Street (Ram 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, while the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rambharathi Street (Ram Nagar)?

The Sub Registrar Office that covers Rambharathi Street (Ram 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 Oragadam

The guideline value is a crucial factor in the registration process of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Rambharathi Street (Ram Nagar)?

The current guideline value of Rambharathi Street (Ram 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 finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Rambharathi Street (Ram Nagar)?

The land classification for Rambharathi Street (Ram Nagar) is Residential Special Type - I.

What are the stamp duty and registration fees for property in Rambharathi Street (Ram Nagar)?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 24,00,000, with stamp duty at 7% amounting to Rs 1,68,000 and registration fees at 2% amounting to Rs 48,000, totaling Rs 2,16,000.

Which office handles the registration for Rambharathi Street (Ram Nagar)?

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