Guideline Value for Ramdev Thottam

Ramdev Thottam guideline value

The current guideline value of Ramdev Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Ramdev Thottam has changed

The guideline value of Ramdev Thottam has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised the value to Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 69%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ramdev Thottam's 2024 figure below this median.

• Rambabu Thottam: Rs 1,700 per sq.ft (2024)
• Ramya Nagar Layout: Rs 1,700 per sq.ft (2024)
• Ranganathan Avenue: Rs 5,500 per sq.ft (2024)
• Ramachandra Thottam: Rs 1,700 per sq.ft (2024)
• Ravi Street: Rs 2,200 per sq.ft (2024)
• RAJIV GANDHI SALAI 1st CROSS STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ramdev Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramdev Thottam?

The Sub Registrar Office that covers Ramdev Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during the registration of property transactions in Sholinganallur - 1. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market standards set by the Registration Department. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Ramdev Thottam?

The current guideline value of Ramdev Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 69% over this period.

What are the stamp duty and registration fees for property in Ramdev Thottam?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers Ramdev Thottam?

The Neelankarai Sub Registrar Office covers Ramdev Thottam, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Ramdev Thottam?

Ramdev Thottam is classified as Residential Class IV Type - I, indicating its designation for residential purposes.