Guideline Value for SIR.C.V.RAMAN SALAI

Sir.C.V.Raman Salai guideline value

The current guideline value of Sir.C.V.Raman Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, classified as Residential Class I Type - I.

How the guideline value of Sir.C.V.Raman Salai has changed

The guideline value for Sir.C.V.Raman Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 3,000 per sq.ft in 2023, and further rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft as of 2024. The median value for these streets is Rs 1,700 per sq.ft, placing Sir.C.V.Raman Salai's guideline value above this median.

• Shreyas Samudhra Ranganathan Avenue: Rs 2,800 per sq.ft (2024)
• Shore Line Institute: Rs 1,100 per sq.ft (2024)
• Shanmugam Garden: Rs 1,100 per sq.ft (2024)
• Spring Field Salai: Rs 2,800 per sq.ft (2024)
• Senkazhani Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Senkazhani Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sir.C.V.Raman Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Sir.C.V.Raman Salai?

The Sub Registrar Office that covers Sir.C.V.Raman Salai 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 Uthandi

The guideline value is a crucial factor during property registration in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property transaction occurs, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sir.C.V.Raman Salai?

The current guideline value of Sir.C.V.Raman Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, showing a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Sir.C.V.Raman Salai?

Sir.C.V.Raman Salai is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the other streets in Uthandi with their guideline values?

Other streets in Uthandi include Shreyas Samudhra Ranganathan Avenue at Rs 2,800 per sq.ft, Shore Line Institute at Rs 1,100 per sq.ft, and several others, with values ranging from Rs 1,100 to Rs 14,700 per sq.ft.

How is the stamp duty calculated for properties in Sir.C.V.Raman Salai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.