Guideline Value for Ramji Street

Ramji Street guideline value

The current guideline value of Ramji Street in Mannoor village, under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Ramji Street has changed

The guideline value for Ramji Street has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision had a lower figure of Rs 167 per sq.ft, reflecting a decrease of 33% from the previous 2012 value. Between 2017 and 2023, there was a significant increase of 50%, bringing it back to Rs 250 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 250 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value is Rs 250 per sq.ft, which is the same as the current figure for Ramji Street.

• Ram Nagar: Rs 300 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Rajaji Nagar: Rs 500 per sq.ft (2024)
• Sanjeevi Nagar: Rs 200 per sq.ft (2024)
• Poonthottam Street: Rs 200 per sq.ft (2024)
• Polatchiyamman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ramji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramji Street?

The Sub Registrar Office that covers Ramji Street 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 Mannoor

The guideline value is an essential factor in property transactions in Mannoor. It is used to determine the stamp duty and registration fees applicable when registering a property sale. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value serves as a benchmark for the minimum value on which stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ramji Street?

The current guideline value of Ramji Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023. The value remains unchanged in the 2024 revision.

What are the stamp duty and registration fees for property in Ramji Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office covers Ramji Street?

The Sriperumpudur Sub Registrar Office covers Ramji Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Ramji Street?

Ramji Street is classified as Residential Class II Type - I, which is relevant for determining its guideline value and usage in property transactions.