Guideline Value for SRI RAMAPURAM 1ST LANE

Sri Ramapuram 1st Lane guideline value

The current guideline value of Sri Ramapuram 1st Lane is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Ramapuram 1st Lane has changed

Over the years, the guideline value of Sri Ramapuram 1st Lane has seen significant changes. In 2002, the guideline value was Rs 750 per sq.ft, which increased to Rs 824 per sq.ft in 2003, marking a 10% rise. The value then rose by 46% to Rs 1,200 per sq.ft in 2007. Following this, there was a substantial increase of 283%, bringing the value to Rs 4,600 per sq.ft in 2012. The value remained unchanged at Rs 4,600 per sq.ft in 2023, before rising by 9% to the current rate of Rs 5,000 per sq.ft in 2024.

The register has no figure for this street in 2017.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a guideline value range from Rs 3,300 to Rs 14,300 per sq.ft as of 2024. The median guideline value is Rs 5,800 per sq.ft, indicating that Sri Ramapuram 1st Lane's current value is below this median.

• Sri Ramapuram 1st Street: Rs 5,000 per sq.ft (2024)
• Sri Ramapuram 2nd Lane: Rs 5,000 per sq.ft (2024)
• Sri Ramapuram 2nd Street: Rs 5,000 per sq.ft (2024)
• Station View Road: Rs 8,800 per sq.ft (2024)
• Subbarao Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Subbarayan Nagar 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ramapuram 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total charges Rs 4,50,000. It is important to note that the 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 Sri Ramapuram 1st Lane?

The Sub Registrar Office covering Sri Ramapuram 1st Lane is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sri Ramapuram 1st Lane?

The current guideline value of Sri Ramapuram 1st Lane is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 567% over this period.

What are the stamp duty rates for property in Sri Ramapuram 1st Lane?

The stamp duty for property in Sri Ramapuram 1st Lane is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Sri Ramapuram 1st Lane?

The Kodambakkam Sub Registrar Office handles property registrations for Sri Ramapuram 1st Lane, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, indicating that Sri Ramapuram 1st Lane's current value is below this median.