Guideline Value for Ramji Nagar

Ramji Nagar guideline value

The current guideline value of Ramji Nagar, located in Malliyankaranai village, is Rs 300 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - I land classification. The area is registered under the Uthiramerur SRO.

How the guideline value of Ramji Nagar has changed

Over the years, the guideline value of Ramji Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased to Rs 300 per sq.ft, marking a 49% rise from the Rs 201 per sq.ft noted in the 2017 revision. The 2024 revision also maintains the value at Rs 300 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained stable, showing a 0% change during this period.

Guideline values in Malliyankaranai

Malliyankaranai village has 42 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 603 per sq.ft. The median value for these streets is Rs 401 per sq.ft, indicating that Ramji Nagar's 2024 figure of Rs 300 per sq.ft is below this median.

• Royal City: Rs 401 per sq.ft (2024)
• Royal Enclave Phase I: Rs 300 per sq.ft (2024)
• Royal Enclave Phase-I Extension: Rs 251 per sq.ft (2024)
• Royal Enclave Phase III: Rs 300 per sq.ft (2024)
• Raja Nagar: Rs 401 per sq.ft (2024)
• Sai Ram Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ramji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000. Together, the total cost for these fees would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Ramji Nagar?

Ramji Nagar falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Malliyankaranai. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ramji Nagar?

The current guideline value of Ramji Nagar is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to 2023.

What are the other streets in Malliyankaranai?

Other streets in Malliyankaranai include Royal City, Royal Enclave Phase I, Royal Enclave Phase-I Extension, Royal Enclave Phase III, Raja Nagar, and Sai Ram Nagar, with varying guideline values.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ramji Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs a total stamp duty of Rs 21,000.