Guideline Value for Ramesh Nagar Part - I

Ramesh Nagar Part - I guideline value

The current guideline value of Ramesh Nagar Part - I is Rs 310 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - II.

How the guideline value of Ramesh Nagar Part - I has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure remained unchanged at Rs 310 per sq.ft in the 2023 revision and continues to be Rs 310 per sq.ft in the 2024 revision, reflecting a 54% increase from 2017 to 2023. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 54%. The most recent revision in 2024 shows no change from the previous year's value, maintaining the current rate of Rs 310 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Ramesh Nagar Part - I slightly above this median at Rs 310 per sq.ft.

• Ramesh Nagar Part II: Rs 709 per sq.ft (2024)
• Rkp Residency: Rs 2,239 per sq.ft (2024)
• Rosappoo Street: Rs 300 per sq.ft (2024)
• Raja Reddy Avenue: Rs 448 per sq.ft (2024)
• Samanthi Poo Street: Rs 300 per sq.ft (2024)
• Sampangi Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ramesh Nagar Part - I

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total guideline value amounts to Rs 3,10,000. The stamp duty charged at 7% would be Rs 21,700, and the registration fee at 2% would be Rs 6,200, bringing the total cost for these fees to Rs 27,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramesh Nagar Part - I?

The Sub Registrar Office that covers Ramesh Nagar Part - I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ponthoor. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Ramesh Nagar Part - I?

The current guideline value for Ramesh Nagar Part - I is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 54%, remaining at Rs 310 per sq.ft from 2023 to 2024, with no changes noted in previous revisions for this street.

What is the land classification for Ramesh Nagar Part - I?

The land classification for Ramesh Nagar Part - I is Residential Class III Type - II.

Where can I find the Sub Registrar Office for Ramesh Nagar Part - I?

The Sub Registrar Office for Ramesh Nagar Part - I is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 310 per sq.ft would incur total fees of Rs 27,900.