Guideline Value for Ramji Ragar

Ramji Ragar guideline value

The current guideline value of Ramji Ragar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class III Type - I.

How the guideline value of Ramji Ragar has changed

The guideline value for Ramji Ragar has seen several revisions over the years. The earliest recorded figure was Rs 50 per sq.ft in 2007, which increased significantly to Rs 700 per sq.ft in 2012. This was followed by a decrease to Rs 469 per sq.ft in 2017. From 2017 to 2023, the value rose to Rs 700 per sq.ft, remaining unchanged until the latest revision in 2024, which also set it at Rs 700 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

When examining the changes, the most notable increase occurred between 2007 and 2012, with a rise of 1300%. However, from 2017 to 2023, the value saw a 49% increase, while the overall change from 2007 to 2024 has also been 1300%.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median value across these streets is Rs 800 per sq.ft, placing Ramji Ragar's 2024 figure below this median.

• Rayar Street: Rs 1,500 per sq.ft (2024)
• Raj Street: Rs 700 per sq.ft (2024)
• Risarve Kulam Street: Rs 1,000 per sq.ft (2024)
• Sadhkkam Pudhu Street: Rs 900 per sq.ft (2024)
• Raice Mill sandhu: Rs 900 per sq.ft (2024)
• Ragavendra Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ramji Ragar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 more details.

Which Sub Registrar Office covers Ramji Ragar?

The Sub Registrar Office that covers Ramji Ragar is 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ramji Ragar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and remained at Rs 700 per sq.ft from 2017 to 2024.

What are the guideline values of other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values, with Rayar Street at Rs 1,500 per sq.ft and Ragavendra Nagar at Rs 300 per sq.ft, among others.

What fees are associated with buying property in Ramji Ragar?

When buying property in Ramji Ragar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Ramji Ragar?

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