Guideline Value for Ramdass Theatre street

Ramdass Theatre street guideline value

The current guideline value of Ramdass Theatre street in Molachoor village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Ramdass Theatre street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw a decrease to Rs 402 per sq.ft, but by the 2023 revision, it had increased by 49% back to Rs 600 per sq.ft. The latest revision in 2024 maintains this value at Rs 600 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Ramdass Theatre street.

• Ramanujar Street: Rs 600 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 600 per sq.ft (2024)
• Rajaji Street: Rs 600 per sq.ft (2024)
• Sagaya Annai Nagar -I: Rs 600 per sq.ft (2024)
• Sakthi Nagar: Rs 605 per sq.ft (2024)
• Sakthi Vinayagar Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ramdass Theatre street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ramdass Theatre street?

The Ramdass Theatre street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Molachoor. It is used to determine the stamp duty and registration fees that are payable when buying or selling property. This ensures that the government receives the appropriate revenue based on the established values of properties in the area.

When registering a property, the buyer must pay duties based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for anyone looking to engage in real estate transactions in Molachoor.

Frequently asked questions

What is the current guideline value of Ramdass Theatre street?

The current guideline value of Ramdass Theatre street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023.

What is the land classification for Ramdass Theatre street?

Ramdass Theatre street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where is the Sunguvarchattram Sub Registrar Office located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ramdass Theatre street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.