Guideline Value for Ramdass Nagar

Ramdass Nagar guideline value

The current guideline value of Ramdass Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Ramdass Nagar has changed

The guideline value for Ramdass Nagar has seen significant changes over the years. In 2003, the value was Rs 29 per sq.ft, which increased to Rs 200 per sq.ft by 2007, marking a 590% rise. The value then changed to Rs 400 per sq.ft in 2012, representing a decrease of 33%. By 2017, the guideline value rose to Rs 268 per sq.ft, and from 2017 to 2023, it increased by 49% to reach Rs 400 per sq.ft. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,417%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, which matches the guideline value of Ramdass Nagar.

• R.C. Blooming Garden: Rs 1,200 per sq.ft (2024)
• Revathi Nagar: Rs 440 per sq.ft (2024)
• Sabarish Garden: Rs 440 per sq.ft (2024)
• Sai Avenue: Rs 747 per sq.ft (2024)
• Raja Ganapathy Nagar: Rs 550 per sq.ft (2024)
• Sakthi Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Ramdass Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making a total of Rs 39,600. 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 Ramdass Nagar?

The Sub Registrar Office that covers Ramdass Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vilangadupakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees. Buyers and sellers must consider this value when negotiating the sale price of a property.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, based on the established values for different areas.

Frequently asked questions

What is the current guideline value of Ramdass Nagar?

The current guideline value of Ramdass Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 29 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, showing a total increase of 1,417% over the years.

What are the stamp duty and registration fees for properties in Ramdass Nagar?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Ramdass Nagar?

The Redhills Sub Registrar Office covers Ramdass Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification of Ramdass Nagar?

Ramdass Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.